EADHR Statement Re: Economic Conference

The Egyptian Judiciary sentenced hundreds to be executed.

Security forces killed tens of young men before the start of a soccer game.

Security forces killed hundreds during protests in different cities.

These are the sorts of news that consistently make headlines about Egypt, since the July 2013 military coup that ousted the nation’s first democratically elected president, Mohamed Morsi. As a result of the military coup, Abdel-Fattah El-Sisi took over the country’s power through a false presidential election. El-Sisi commenced killing thousands of coup opponents, and detained tens of thousands innocent citizens. He misused the Judiciary to sentence opponents to be executed, the most famous incident of which was when the Egyptian Judiciary sentenced 400 innocent citizens to be executed.

Nowadays, Egypt has no parliament, and no rule of law. Egypt is ruled only by the coup leader, Abdel-Fattah El-Sisi, and his colleagues. Dubbed military generals, they have been appointed as mayors of the nation’s states, and control the country’s various joints. This unfortunate national situation has created an environment that is repellent to investment by international companies, creating international political apathy towards Egypt.

This Friday, the coup leader, El-Sisi, is attempting to hold an international economic conference in Egypt. All expectations confirm the failure of this conference to bring any sort of investment to Egypt’s unsafe economic and physical environment. Unfortunately, some of America’s corporations will take part in this conference, forcing us to ask questions about these corporations’ intentions. It would be unwise for any manager to make any sort of investment in the nation right now, yet they are attempting to consider the option.

It is our recommendation that corporations reconsider their decision to attempt to invest in a nation whose justice system is corrupt, and innocent citizens jailed on a daily basis. Those intending to invest are likely attempting to use the corrupted environment in Egypt to induce fast growth in their wealth – at the expense of the Egyptian people. It is our hope that this does not take place – but only time will tell.

 

ISSUES: Human Rights Defense, Democratic Governance

REGIONS: Middle East and North Africa