Prime Minister Mostafa Madbouliy reaffirmed in a speech to the 4th edition of Egypt Investment Forum (EIF) Egypt’s keenness on boosting development efforts in Africa and upgrading mechanisms of strategic integration and partnership to promote the continent’s status in the global economy.
“This would contribute to ensuring the economic and social prosperity of all countries and peoples,” the prime minster explained.
The forum is held in Cairo under the auspices of President Abdel-Fattah El Sisi, with the participation of ministers, experts, businessmen and investors from Egypt and various Arab countries as well as representatives of regional and international financial institutions and bodies.
“Egypt trusts the ability of African countries to achieve greater cooperation and make all possible efforts to create an integrated African unity at all levels and in various fields,” Madbouly added.
The forum reflects Egypt’s current vision towards the future of Africa and its future relations with all African countries, the prime minister said.
“It sends a message to the whole world that Egypt is regaining its status in the heart of Africa, aiming at achieving desired continental economic and commercial integration,” he said.
He stressed that “the Egyptian government is looking for more economic partnerships and cooperation projects with different countries.”
“An ambitious plan implemented by the Ministry of Trade and Industry aims to strengthen the Egyptian presence in the African markets, basing on expanding trade and industrial cooperation, including the transfer of industrial expertise to African countries,” he added.
Egypt is also seeking to establish joint projects in African markets, making use of its distinguished strategic relations and preferential trade agreements inked with many countries worldwide, he said.
Egypt is the current chair of the African Union for the year 2019.