Egyptian-Sudanese Business Forum Strengthens Bilateral Economic Cooperation
The inaugural Egyptian-Sudanese Business Forum focused on strengthening economic ties between Egypt and Sudan, emphasizing industrial investment and trade. Deputy Prime Minister Kamel Al-Wazir stressed the importance of cooperation for mutual benefit while highlighting existing transportation networks and infrastructure developments. Member participation included officials from both nations discussing regional challenges and potential investments, aiming to bolster economic recovery and advancement.
The first Egyptian-Sudanese Business Forum, convened on Saturday, served as a platform to bolster economic collaboration between Egypt and Sudan. Opening the event, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, highlighted the necessity of expanding industrial investment and trade. This forum aims to fortify existing cooperation frameworks and maximize the economic potential of both nations for mutual benefit. As underscored by Al-Wazir, deeper industrial investment is expected to foster job creation and ignite technological advancements.
Under Al-Wazir’s patronage, the forum saw participation from notable officials, including Sudanese Minister of Trade and Supply Omar Bannafir and Egypt’s Minister of Supply Sherif Farouk. During his address, Al-Wazir conveyed greetings from President Abdel Fattah Al-Sisi, expressing optimism for the forum’s outcomes. He accentuated the mutual aspirations of the two nations and reaffirmed Egypt’s unwavering support for Sudan amid ongoing regional challenges.
Al-Wazir emphasized the necessity of new frameworks to address the economic repercussions of regional conflicts, advocating for international cooperation in finding viable solutions. He reiterated Egypt’s dedication to regional economic stability and development, expressing commitment to supporting Arab nations facing geopolitical strife. He cited national unity as essential in overcoming prevailing challenges and promoted Egypt’s active involvement in endeavors to foster regional peace and cooperation.
Moreover, Al-Wazir articulated Egypt’s support for Sudan’s economic recovery, referencing the strong historical ties and shared interests between the two countries. He detailed existing transportation networks, including three key land transport routes and various infrastructure development projects aimed at enhancing connectivity. Al-Wazir also proposed the establishment of an intermodal railway station and several logistics zones, which will facilitate trade between the two nations.
In discussing the benefits of increased industrial investments, Al-Wazir highlighted the advantages such as job creation, the provision of essential equipment, and further economic growth. He advocated for the establishment of an industrial integration partnership to strengthen regional collaboration. Al-Wazir pointed out the significant room for cooperation and Egypt’s readiness to attract Sudanese investments, underpinned by a conducive investment climate and a roster of appealing incentives.
The minister addressed the critical significance of the transport sector in achieving economic integration, emphasizing the essential infrastructure needed for sustainable development. He elaborated on current initiatives by the Egyptian Ministry of Transport to position Egypt as a regional transport and logistics hub. These initiatives include the development of logistics corridors and the establishment of several dry ports across the nation, aligning with President Al-Sisi’s vision for enhanced connectivity.
Concluding his remarks, Al-Wazir underscored the relevance of the forum, noting Sudan’s ongoing economic reforms aimed at attracting investments across key sectors. He commended Sudan’s rich resources and strategic location, which together generate interest from global investors in its agricultural and food industries. Al-Wazir concluded by reiterating the critical need for sustained cooperation between Egypt and Sudan to enhance their relationship, especially in trade and investment, and expressed hope for a future marked by fruitful collaboration.
The Egyptian-Sudanese Business Forum is a pivotal event aimed at enhancing bilateral economic relations through investment and trade collaboration. The forum brings together high-ranking officials and industry leaders from both nations, signaling a strong commitment to fostering economic ties and addressing shared regional challenges. Investments in infrastructure, industrial integration, and transport networks are central themes, as Egypt and Sudan work together to maximize their collective potential.
The first Egyptian-Sudanese Business Forum marks a significant step towards enhancing economic cooperation between Egypt and Sudan. The discussions led by Deputy Prime Minister Kamel Al-Wazir emphasize a commitment to industrial investment, infrastructure development, and regional stability. As both countries seek to address challenges through collaboration, this forum represents a crucial opportunity for mutual growth and the strengthening of historical ties, ultimately benefiting both nations economically.
Original Source: www.dailynewsegypt.com
