Egypt is hosting the "El Alamein-Africa for Business" forum in New El Alamein City from October 2 to 4. The forum aims to promote economic development and investment in Africa, reflecting a shift towards giving economic development and investment a greater space in the joint African agenda. The forum brings together leaders, officials, businessmen, and financing and development institutions.
The forum is being held in parallel with the summit of the founding countries of the African Union Development Agency (AUDA-NEPAD) and the eighth mid-year coordination meeting of the African Union. This makes El Alamein a space where the political, economic, and developmental paths of African work meet. Egyptian Prime Minister Dr. Mostafa Madbouli stated that Africa has vast natural resources, a large market, a young workforce, and opportunities in various sectors.
The forum is a joint effort between the Egyptian government, the African Union Commission, and the African Union Development Agency (NEPAD). It reflects a shared understanding that achieving economic and social development requires the integration of roles between governments, continental institutions, financial institutions, and the business community. President Abdel Fattah El-Sisi is participating in the forum, along with over 20 African heads of state and government.
The president is also chairing the summit of the founding countries of AUDA-NEPAD and participating in the African Union's coordination meeting. He will hold bilateral and multilateral meetings with several African leaders and officials to discuss ways to enhance cooperation and promote continental development and integration. One of the key aspects of the forum is that it does not just discuss development priorities but also seeks to mobilize financing and investments.
The forum aims to convert continental priorities into implementable projects. This reflects a fundamental vision in Egypt's move towards the continent, which is that development cannot be separated from economic integration. The forum is not just an economic event but also aims to put development and investment at the heart of African partnership. The challenge is to translate political will into projects, opportunities, and partnerships that benefit African countries and peoples.
The "El Alamein-Africa for Business" forum is a significant step towards achieving this goal. It provides a platform for African leaders and businessmen to discuss ways to promote economic development and investment in the continent. The forum also highlights Egypt's role in promoting African development and integration. Egyptian experts believe that the forum will help to enhance economic cooperation between Egypt and other African countries.
The forum's focus on economic development and investment is timely, given the current challenges facing the African continent. Africa has vast natural resources and a large market, but it still faces significant development challenges. The forum provides an opportunity for African leaders and businessmen to discuss ways to address these challenges and promote sustainable development.
Key points
- The forum aims to promote economic development and investment in Africa
- The forum is a joint effort between the Egyptian government, the African Union Commission, and the African Union Development Agency (NEPAD)
- President Abdel Fattah El-Sisi is participating in the forum, along with over 20 African heads of state and government
