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Egyptian Prime Minister Mostafa Madbouli will inaugurate next Saturday the fourth session of the Egyptian Investment Forum, titled "Together for Africa", which will be the first economic event of the Egyptian presidency of the African Union. African Union, which coincides with the holding of the boards of directors of the African, Arab, Islamic and Mediterranean Chambers Committees. Ahmed Al-Wakil, president of the Federation of Chambers of Commerce of Egypt, Africa and the Mediterranean, said in the presence of more than 1,000 leaders of chambers of commerce and finance and African personalities, Arab and foreign.
The forum was organized in cooperation with the Ministries of Investment, International Cooperation, Trade and Industry and the Federation of African, Islamic, Arab and Mediterranean Chambers, which participated in the forum.
He stressed that the forum would focus on activating tripartite cooperation by forming alliances between Egyptian companies and Gulf country investors and technology providers from developed countries, in both industrial and agricultural investment and infrastructure development. 39, electricity, roads, telecommunications or education, training and health services, under the Egyptian presidency of the federations The African and Euro-Mediterranean chambers and the vice-presidency of the Islamic and Arab chambers, as well as the African joint chambers created by the African Union of African Chambers such as the Korean Chamber in the presence of President Al-Sisi, with the League of Arab and Euro-Mediterranean Countries to sign at the conference.
The officer said that an inventory of development projects had been established on economic feasibility, with alliances being promoted to bring together Egyptian companies, Gulf investors, technology providers, financial institutions, banks and development funds during the forum.
He added that this session will witness investment partnerships where regional and national federations have promoted in advance, to allow investors to study before these projects and their presence to sign and not just to find out.
This session will witness the participation of prominent Egyptian, Arab and foreign dignitaries, first and foremost the Prime Minister, the ministers of the economic group and services, the ministers and ministers of several countries, the ambassadors of the African countries, Arabs and foreigners in Egypt and more than 1,000 Arab businessmen, Heads and members of boards of directors of regional chambers, heads and directors of banks and financial institutions, heads of agencies and trade and investment finance institutions, presidents of economic and financial associations and organizations, development banks from five continents.
In this regard, Sheikh Saleh Kamel, President of the Islamic Chamber, stressed the importance of holding the conference at this particular stage in Egypt, underlining "the benefits available to Egypt, both economically and commercially, as well as investment plan, "noting the qualitative leap made by Egypt, since the election of President Abdel Fattah al-Sisi, said that" the ambitious and insightful vision of the President of Sisi, resulting from reforms and Approved procedures, and projects entered into force, the most important of which is the Suez Canal, the rehabilitation of one and a half hectare, the new capital, Kia confirms that Egypt is going in the right direction and that She has begun to regain her fundamental role in the region, which she has always played over the last few decades and which will grow with the Egyptian presidency of the African Union.
Mohamed Abdo Said, president of the Federation of Arab Chambers, said that all Arab chambers would cooperate with Egypt during its presidency of the African Union to promote the African continent, considered the continent of Africa. a future and a land of promising opportunities, and that it is necessary to turn these opportunities into real wealth for the benefit of African and Arab citizens. The need to combine all efforts, whether governmental or private, to achieve development.
"The Arab world has invested more than $ 23.150 billion outside the Arab world in 2017, surpassing its $ 14 billion in foreign investment," said Mohammed Abdo Said. The time has come to channel a significant portion of these investments to Africa through tripartite cooperation with Egypt.
Mr Alaa Ezz, Secretary General of the Union of Egyptian and African Chambers of Commerce, said the conference would be held over two days and that it would be presented six times after the Prime Minister's opening , the first on triangular cooperation with Africa, the second on cooperation in development and urban infrastructure, the third will discuss the digital economy and financial inclusion in presence of Egyptian and Lebanese ministers of telecommunications, and the fourth of the opportunities for investment in energy and the link between electricity and gas in the presence of the ministers of electricity and oil , and the fifth of the mechanism allowing Egypt to become a regional center for the industrialization of exports, in the presence of the ministers. Trade and Industry and the Public Enterprise Sector will provide funds available from aid agencies, funds and development banks to finance and secure investments and trade, exceeding $ 55 billion in the presence of the Minister of Investment and International Cooperation and conclude with the speech of the Minister of Planning, Monitoring and Administrative Development.
Ezz said finance and business leaders from around the world were invited to present opportunities for tripartite cooperation in all sectors.
Source Dawn
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