Egyptian President Abdel Fattah el-Sisi at the ceremony held to welcome the heads of BRICS delegations by Russian President Vladimir Putin as part of the 16th BRICS summit in Kazan on Tuesday 22 October, 2024. Photo courtesy of BRICS summit website.
El-Sisi is expected to hold a meeting with Putin to discuss various bilateral, regional, and international issues, as reported by the Egyptian news outlet Al-Qahera News.
El-Sisi arrived earlier on Tuesday in Russia for the 16th BRICS Summit, marking Egypt's first participation as a member of the group since its official accession earlier this year.
The Egyptian president is also set to participate in the BRICS Plus Summit, which includes BRICS member states along with various countries and international organizations.
According to an earlier statement from the Egyptian presidency, El-Sisi is scheduled to hold side meetings with other leaders participating in the summit to discuss bilateral relations and regional and international issues of mutual interest.
During his virtual speech at the BRICS Business Forum held on Friday, El-Sisi highlighted Egypt's significant progress in economic reform and comprehensive development and the country's efforts to build a more sustainable economy amid the ongoing challenges.
The Welcoming Egyptian President Abdel Fattah al-Sisi at Kazan International Airport. Photo courtesy of BRICS summit website.
Trade exchange between Egypt and BRICS countries rose by 15 percent to $30.2 billion in the first eight months of 2024, compared to $26.2 billion during the same period in 2023.
In the same period, Egypt's exports to BRICS nations reached $5.7 billion, up from $5.3 billion in 2023, a 7.3 percent rise, as reported by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Tuesday.
Additionally, BRICS investments in Egypt fell to $4.4 billion for the fiscal year 2023-2022, down from $19.5 billion in the previous year, according the CAPMAS.
BRICS was established in 2006, initially comprising Brazil, Russia, India, and China, with South Africa joining in 2011.
President of Russia Vladimir Putin and Prime Minister of India Narendra Modi at the ceremony held to welcome the heads of BRICS delegations by Russian President Vladimir Putin as part of the 16th BRICS summit in Kazan. Photo courtesy of BRICS summit website.
President of Russia Vladimir Putin and President of South Africa Cyril Ramaphosa at the ceremony held to welcome the heads of BRICS delegations by Russian President Vladimir Putin as part of the 16th BRICS summit in Kazan. Photo courtesy of BRICS summit website.
In 2023, the group expanded to include 5 additional countries, including Egypt.
In January 2024, Russia assumed the presidency of the bloc for the year.
The BRICS group unites major emerging economies, representing 41 percent of the global population, 24 percent of global GDP, and over 16 percent of world trade, according to the World Bank.
President of Russia Vladimir Putin and Foreign Minister of Brazil Mauro Vieira at the ceremony held to welcome the heads of BRICS delegations by Russian President Vladimir Putin as part of the 16th BRICS summit in Kazan. Photo courtesy of BRICS summit website.
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