Egyptian President Abdel Fattah el-Sisi delivered a speech at the "El Alamein Africa for Business" forum in the New El Alamein city, highlighting Egypt's vision for enhancing economic cooperation and development in the African continent. He stressed that security and stability, as well as supporting national states and their institutions, are essential for achieving development and building a better future for African nations.
President Sisi pointed out that economic development requires a stable environment capable of absorbing transformations and challenges. He added that Egypt is making efforts to launch and support economic initiatives in Africa, based on its belief that the renaissance and prosperity of the African continent is a legitimate right that should be preserved. The President also emphasized that the "El Alamein Africa for Business" forum provides a continental platform to mobilize efforts to implement the Africa 2063 agenda.
The President noted that the private sector is the largest engine driving the economies of the continent, stressing the need to empower it to participate more in activating the African Continental Free Trade Area (AfCFTA) and take advantage of the opportunities provided by the continental market. He also highlighted that Africa is a young continent with enormous resources, opening up broad prospects for investment and economic cooperation, especially with the enhancement of the private sector's role and facilitation of trade between countries.
President Sisi stated that Egypt is seeking to build a modern state capable of shaping a more just and sustainable future, keeping pace with rapid economic transformations, and supporting its ability to achieve development and provide better opportunities for future generations. He also referred to the city of El Alamein, which has become a model for development and prosperity, after being a witness to history.
The President called on participants in the forum to actively engage in its tracks, which would help transform visions and ideas into partnerships and projects that serve African development goals. He emphasized the importance of building on the opportunities for dialogue and cooperation provided by the forum, supporting the efforts of African countries towards achieving development and enhancing economic integration.
President Sisi concluded his speech by stressing that achieving economic development in Africa requires a supportive and stable environment, capable of absorbing transformations and challenges. He expressed his confidence that the African continent can achieve its goals through cooperation, dialogue, and a commitment to building a better future for its nations.
Key points
- President Sisi emphasizes the importance of supporting national states and institutions to achieve security and development in Africa.
- The private sector is considered the largest engine driving the economies of the African continent.
- Egypt seeks to build a modern state capable of shaping a more just and sustainable future.
