Egyptian President Abdel Fattah el-Sisi opened the El Alamein Africa Business Forum in the New El Alamein City, highlighting the importance of stability for economic development. He stated that economic development cannot be achieved in unstable countries and that stability is a fundamental requirement for investors, manufacturers, and farmers to operate in a secure environment. The forum brings together African leaders, officials, business representatives, and international economic institutions.
The President's speech emphasized that stability is not a luxury but a necessity for achieving development goals. He also noted that investors, manufacturers, and farmers seek a secure environment to work and achieve their objectives. The forum aims to promote economic cooperation and investment opportunities among African countries. El-Sisi's statements reflect Egypt's commitment to fostering a stable and conducive business environment.
The El Alamein Africa Business Forum witnesses a significant participation from African leaders and officials, as well as representatives from the African business community and international economic institutions. The forum provides a platform for dialogue and cooperation to promote economic development and investment in Africa. Egypt's hosting of the forum demonstrates its role in promoting African economic integration and cooperation.
In addition to the business forum, President el-Sisi chaired the meeting of the Heads of State and Government of the African Union Development Agency (AUDA-NEPAD). The meeting was co-chaired with the President of Angola, who is also the Chair of the Steering Committee of the Heads of State and Government of the Agency. The meeting brought together heads of state and representatives of the founding member states of the agency.
The African Union Development Agency (AUDA-NEPAD) aims to promote economic development and integration in Africa. The agency focuses on implementing development programs and projects that promote sustainable economic growth and social progress. Egypt, Algeria, Nigeria, Senegal, and South Africa are among the founding member states of the agency.
President el-Sisi's chairing of the AUDA-NEPAD meeting reflects Egypt's commitment to promoting African economic development and integration. The meeting discussed ways to enhance cooperation and coordination among member states to achieve the agency's objectives. The President also met with the current Chair of the African Union, the President of Burundi.
The El Alamein Africa Business Forum and the AUDA-NEPAD meeting demonstrate Egypt's role in promoting African economic cooperation and development. The events brought together African leaders, officials, and business representatives to discuss ways to promote economic growth and investment in Africa. President el-Sisi's statements emphasized the importance of stability and a conducive business environment for achieving development goals.
Key points
- President Sisi stresses stability as a foundation for economic growth at the El Alamein Africa Business Forum.
- The forum aims to promote economic cooperation and investment opportunities among African countries.
- Egypt hosts the forum to promote African economic integration and cooperation.
