Egyptian Foreign Minister Badr Abdelatty met with Eritrean President Isaias Afwerki's economic advisor, Hajus Gebruhiwet, on Wednesday to discuss ways to strengthen bilateral economic ties. The meeting was held in line with the directives of the political leadership in both countries to enhance cooperation. Abdelatty emphasized Egypt's interest in promoting economic cooperation, trade exchange, and investments between the two nations.
During the meeting, Abdelatty highlighted Egypt's willingness to support the participation of Egyptian companies and the private sector in priority projects in the Eritrean market. These projects are particularly in the fields of energy, industry, infrastructure, trade, fisheries, and pharmaceuticals. Egypt aims to provide technical support and training in areas needed by Eritrea, leveraging the excellent relations between the two countries.
The Eritrean government has been seeking to develop its economy and infrastructure, and Egypt sees opportunities for cooperation. Abdelatty and Gebruhiwet discussed ways to enhance trade exchange and investments, which have been relatively limited between the two countries. Egypt's private sector has shown interest in investing in Eritrea, particularly in the energy and infrastructure sectors.
Abdelatty also reviewed preparations for hosting the Africa Science City Forum in Egypt from October 2-4. The forum will provide a platform for promoting economic and investment partnerships, connecting governments, business communities, and financial institutions across Africa. Egypt expects the forum to attract participants from across the continent and promote economic cooperation.
The forum is part of Egypt's efforts to strengthen its position as a hub for African economic cooperation. The country has been actively engaging with African nations to promote trade and investment, and the forum is expected to provide new opportunities for cooperation. Egypt's relations with Eritrea are also expected to benefit from the forum.
Both sides expressed their commitment to continuing consultations and coordination on issues of common interest, supporting regional security and stability. The meeting between Abdelatty and Gebruhiwet reflects the strong relations between Egypt and Eritrea, which have been working to enhance cooperation in various fields.
The two countries have been working to strengthen their economic ties, with Egypt seeking to increase its investments in Eritrea. The meeting between Abdelatty and Gebruhiwet is a positive step towards achieving this goal. Egypt's efforts to promote economic cooperation with Eritrea are part of its broader strategy to enhance its relations with African nations.
Key points
- Egypt's Foreign Minister Badr Abdelatty meets with Eritrean President's economic advisor to push economic cooperation and investments.
