Egypt's liberal Conference Party, founded by long-time diplomat Amr Moussa, is forming a new alliance with Mubarak-era liberal Ghad Party, the leftist Tagamoa Party and the liberal Wafd Party for the upcoming parliamentary elections.

To bear the names of the Wafd and Conference parties, the new alliance has chosen members to run as independents in the upcoming parliamentary elections, scheduled for 21-22 March for expats and 22-23 March for Egypt residents, deputy head of the Conference Party Magdy Morshed told Ahram Arabic on Monday.

Two other alliances are running in the elections.

The Democratic Current Alliance includes five political forces: the Socialist Popular Alliance, the Nasserist Karama and Popular Current parties, and the liberal Constitution and Egypt Freedom parties.

The centrist El-Adl party withdrew from the Democratic Current Alliance on Monday to join the new Wafd alliance.

Mubarak-era prime minister and prominent technocrat Kamal El-Ganzouri is forming another alliance expected to show a strong presence during the upcoming parliamentary elections.

The parliamentary vote is the third and last step in a political roadmap laid out after the ouster of Islamist president Mohamed Morsi in July 2013.

A newly passed parliamentary elections law sets out that Egypt's new parliament will include 567 seats, with 420 for independents and 120 for closed party lists. The president will appoint 27 MPs.