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Tuesday, 21 September 2021

Egyptian-African relations witness 'unprecedented boom' under Sisi leadership: Al-Mashat

The private sector plays a major role in boosting these relations, Minister of International Cooperation Rania Al-Mashat told a session of the first forum of the heads of African investment promotion agencies (IPAs)

MENA , Saturday 12 Jun 2021
Al-Mashat
Minister of International Cooperation Rania Al-Mashat
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Minister of International Cooperation Rania Al-Mashat said Friday the Egyptian-African relations are witnessing an unprecedented boom under President Abdel Fattah El Sisi's leadership and his open political diplomacy to boost ties with all partners.

The private sector plays a major role in boosting these relations through major development projects launched within Egypt’s membership to the presidential initiative for Africa infrastructure development, she told a session of the first forum of the heads of African investment promotion agencies (IPAs).

The Egyptian private sector is implementing some vital projects in Africa, covering many sectors, including transport and water resources, she added.

For example, the Arab Contractors Company implements projects in 23 African countries in various fields of infrastructure with investments of more than $1.5 billion, the minister revealed.

The ministry aims to promote Egypt's partnerships with multilateral and bilateral development partners, governments, international economic policy makers, the private sector and civil society to achieve the National Development Agenda 2030 in line with the United Nations Sustainable Development Goals, under the presidential decree regulating its role No. 303 of 2004, she added.

Egyptian Prime Minister Mostafa Madbouly opened the IPAs forum on Friday in the Red Sea resort city of Sharm El-Sheikh, which runs until 14 June.

Ministers and heads of investment authorities from 34 African countries as well as representatives of leading institutions and economic blocs are attending the event.

 

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