Singaporean President Sellapan Rama Nathan said President Hosni Mubarak deals wisely with the Middle East problems.

Touring the city of Luxor, Upper Egypt, Nathan expressed his deep admiration of Egypt's ancient antiquities, hailing Egypt's efforts to restore and maintain the pharaohnic masterpieces.

Nathan said his visit to Egypt has paid off as he opened new channels of investments to Indonesian businessmen.

He expected that Egypt's investments sector would make impressive strides in the years to come. The Singaporean leader also invited Egyptian businessmen to invest in his country.