Prime Minister to inaugurate 4th Egyptian Investment Summit with the participation of 67 countries

Egyptian Prime Minister Mostafa Medbouli will inaugurate next Saturday the fourth session of the Egyptian Investment Forum, titled "Together for Africa", the first of the economic activities of the Egyptian presidency of the United Nations. African Union, which is in line with the advice of African, Arab, Islamic and Mediterranean chambers. In the presence of more than 1000 leaders of the chambers of finance and business and dignitaries African, Arab and foreign.

The forum is organized in cooperation with the Ministries of Investment, International Cooperation, Trade and Industry and the Federation of African, Islamic, Arab and Mediterranean Chambers, which participate in large delegations, said today Ahmed El Wakil, President of the Federation of Egyptian, African and Mediterranean Chambers of Commerce.

He explained that the forum would aim at activating triangular cooperation by forming alliances between Egyptian and Gulf-based companies and developed-country technology providers, in both industrial and agricultural investment and infrastructure. electricity, roads, telecommunications or education, training and health services. The African and Euro-Mediterranean countries, as well as the presidency of the Federation of Arab and Islamic Chambers, as well as the African joint chambers created by the Union of African Chambers, such as Korean, Japanese, Chinese and Arab, with the League of Arab and Euro-Mediterranean states. Pass.

He added that an inventory of economic development projects had been carried out and that Egyptian business groups, Gulf investors, technology providers, funding agencies, banks and development funds would be encouraged during the forum, which will be the opportunity to present investment partnerships previously promoted by the regional and national federations, with the aim that the investors study prior to these projects and that their presence be signed and not only known.

Sheikh Saleh Kamel, President of the Islamic Chamber, emphasized the importance of holding the conference at this stage, especially in Egypt, highlighting the benefits Egypt enjoys both economically and commercially than in terms of investments.

The President of the Federation of Arab Chambers, Mohamed Abdo Said, said that all Arab chambers would cooperate with Egypt during its presidency of the African Union to promote the African continent, which is the continent of Africa. Future and a land of promising opportunities, which must be turned into real wealth for the benefit of African citizens first and Arabs. The need to combine all efforts, whether governmental or private, to achieve development.

He added that the Arab world had invested more than $ 23.150 billion outside the Arab world in 2017, exceeding $ 1430 billion in cumulative foreign investments. The time has come to channel a considerable portion of these investments to the Arab world. Africa through a triangular cooperation with Egypt.

For his part, Mr. Alaa Ezz, Secretary General of the Federation of Egyptian and African Chambers, said the conference would last two days and would include six sessions devoted to triangular cooperation with Africa, cooperation on urban development and infrastructure in the presence of ministers of transport and housing, the digital economy and financial coverage. Investment in energy linking electricity and gas to the presence of the ministers of electricity and oil, a mechanism to turn Egypt into a regional industrialization center for export and financing from oil and gas agencies development, funds and development banks to finance and guarantee investment and trade. Minister of Investment and International Cooperation, Mr. Sahar Nasr. The conference will be followed by a speech by the Minister of Planning, Monitoring and Administrative Development, Mrs. Hala Al-Saeed.