CAIRO – Egyptian Youth and Sports Minister Ashraf Sobhy asserted that holding major sports exhibitions is important for opening up new markets and creating an economic boom, noting that the state is deeply interested in carrying out several programmes and projects through the Youth and Sports Ministry including the Sports Expo 2023.
At a press conference held to announce the program of the expo, Sobhy said the exhibition is an international sports event at the level of the Middle East and Africa and will be held under the patronage of President Abdel Fattah El Sisi.
It aims at luring major international companies specialized in sports equipment and products, he said, adding that the event will bring together all types of investors and industry leaders along with showing the advanced technologies and innovations in the field of sports.
The minister noted that President Sisi is giving unprecedented support to the fields of sports and youth, adding that his ministry is adopting an approach that depends on management of investments and encouraging the private sector to be involved in developing youth centers as well as sponsoring various sports activities.
He said the value of support extended from the self-resources of the ministry to youths and adolescents from 2014 to 2022 reached EGP 2.5 billion. There were also direct investments from the government (special budget of the Ministry of Youth and Sports) that amounted to EGP 20.5 billion which helped in the development of sports and youth facilities and the implementation of various projects nationwide, he added.
