Egyptian President Abdel Fattah el-Sisi will participate in the eighth mid-year coordination summit of the African Union, which will be held in New El Alamein City. According to a statement by Egyptian Presidential Spokesperson Mohamed El Shenawy, the summit will bring together leaders from Egypt, Eritrea, Sudan, and Somalia for consultation and coordination on regional issues of common interest.
On the same day, President el-Sisi opened the first edition of the "El Alamein - Africa for Business" forum, which is being hosted by Egypt in New El Alamein City. The forum is a result of an Egyptian initiative approved by the African Union, and it will be held every two years in El Alamein City. The event is being co-organized by the Egyptian government, the African Union Commission, the African Union Development Agency (AUDA-NEPAD), and the African Export-Import Bank.
The first edition of the forum has attracted high-level participation from several African heads of state, senior officials, and a selection of leaders and directors from international and regional financial institutions. The event also features prominent figures from the private sector in Africa and around the world. According to the Egyptian Presidential Spokesperson, the forum serves as a strategic platform to enhance communication and partnership between African governments and representatives of the private sector.
The "El Alamein - Africa for Business" forum aims to stimulate intra-African trade, promote economic integration among African countries, and mobilize partnerships necessary for implementing development projects. It also seeks to expand financing and investment opportunities and support promising and emerging economic sectors. The forum features specialized sessions addressing priority economic and development issues for the African continent.
The forum's activities include a specialized session and an exhibition for major African companies, as well as a dedicated area for start-ups that has attracted significant participation from small and medium-sized enterprises across various African countries. Several bilateral and multilateral meetings will also take place between government officials and leaders of companies, financial, and economic institutions.
These meetings aim to enhance cooperation, investment, and cross-border partnerships. The event aligns with Egypt's efforts to strengthen its role in promoting economic development and cooperation within the African continent. President el-Sisi's participation in the quadripartite summit and the business forum reflects Egypt's commitment to fostering regional collaboration and economic growth.
The summits and forums taking place in New El Alamein City demonstrate Egypt's growing importance as a hub for African economic and political discussions. As the country continues to host high-profile events, it is strengthening its position as a key player in shaping the continent's future.
Key points
- Egypt's President Abdel Fattah el-Sisi to chair a quadripartite summit with leaders of Eritrea, Sudan, and Somalia.
- The "El Alamein - Africa for Business" forum aims to stimulate intra-African trade and promote economic integration.
- The event has attracted high-level participation from African heads of state, senior officials, and private sector leaders.
