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President opens Saturday Egypt-EU Investment Con.

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President opens Saturday Egypt-EU Investment Con.

The 2-day event delves into ways to boost private sector

by Gazette Staff
June 28, 2024
in Business, Egypt, World
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Egypt’s President Abdel Fattah El Sisi, and Ursula von der Leyen, President of the European Commission, open on Saturday the Egypt-EU Investment Conference at the Al Manara International Conference Centre in Cairo.

A number of top officials and representatives of the Egyptian government, the European Union, multilateral institutions, and the private sector will take part in the two-day event.

The conference will bring together some 1,000 participants, including Egyptian and EU Ministers, senior officials, European financial institutions and CEOs from a wide range of sectors from both the EU and Egypt.

The conference will hold a session today to overview recent economic reform measures taken by the Egyptian government in a bid to create an attractive investment environment for the private sector.

The joint Investment Forum is a first key deliverable of the Egypt-EU Strategic and Comprehensive Partnership agreed by the two Presidents in March 2024. The Partnership covers political relations, economic stability, investments and trade, migration and mobility, security and demography, and human capital.

President von der Leyen will be accompanied by Executive Vice-President Valdis Dombrovskis and Neighbourhood and Enlargement Commissioner OlivérVárhelyi.

The conference aims to further promote investment opportunities in key sectors such as renewable energy, including renewable hydrogen, circular economy, manufacturing (pharmaceutical, medical and automotive sectors), agriculture/food and water security, innovation and digitalisation. These sectors have been identified by both sides for their potential to contribute to Egypt’s sustainable development and economic diversification.

 

 

Tags: Egypt-EUInvestment conferenceOpensPresident SisiTop_News

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