Egyptian Investments in Africa Exceed $14 Billion, Says Foreign…

Egypt’s investments in Africa have exceeded $14 billion, as highlighted by Foreign Affairs Minister Badr Abdelatty at the Egypt-Gabon Business Forum. The event emphasized strengthening economic ties, with discussions on collaboration in sectors like infrastructure, energy, and agriculture to promote Gabon’s sustainable development goals. Abdelatty’s remarks reflect Egypt’s commitment to active participation in Gabon’s economic progress.

Badr Abdelatty, Egypt’s Minister of Foreign Affairs, recently participated in the Egypt-Gabon Business Forum held in Libreville, Gabon. The event was attended by Gabon’s President Ali Bongo Ondimba and several key Gabonese ministers across various sectors, along with a significant group of business leaders from both Egypt and Gabon. In his address, Abdelatty emphasized the forum’s role in enhancing economic ties between Egypt and Gabon, stressing the commitment of President Abdel Fattah Al-Sisi to bolster trade and joint investments between the two nations.

Abdelatty reaffirmed Egypt’s eagerness to engage in the Gabonese market by contributing to comprehensive development initiatives and sharing expertise in sectors such as infrastructure, energy, construction, pharmaceuticals, and agriculture. He articulated that these initiatives are pivotal in aiding Gabon’s pursuit of sustainable development goals. Furthermore, the Minister highlighted the essential function of public and private enterprises in achieving economic growth throughout Africa.

He revealed that Egyptian investments throughout the continent have surpassed $14 billion, crediting this achievement to the effectiveness and dependability of Egyptian firms known for their timely and budget-conscious project completions. The forum allowed for in-depth discussions among Gabonese officials and Egyptian business representatives, centering on the enhancement of economic and investment relationships. Proposals for developmental projects were presented, particularly concerning road construction, port development, and renewable energy, alongside efforts to improve agricultural cooperation for enhanced food security and technology exchange.

The Egyptian government has actively sought to expand its economic footprint in Africa, viewing the continent as a key partner for development and investment. This strategic interest is underscored by the increasing value of Egyptian investments in various sectors, which reflect Egypt’s commitment to fostering strong bilateral relations with African nations, including Gabon. The Egypt-Gabon Business Forum serves as a vital platform for dialogue and collaboration, enabling Egyptian businesses to showcase their capabilities and engage with Gabonese stakeholders.

In summary, Egypt’s Minister of Foreign Affairs, Badr Abdelatty, has articulated a clear vision for deepening economic ties with Gabon at the recent business forum. With Egyptian investments exceeding $14 billion across Africa, the discussions centered around enhancing cooperation and shared development goals in vital sectors. The engagement underscores Egypt’s commitment to fostering sustainable growth and economic empowerment within Gabon, paving the way for future collaborations between the two countries.

Original Source: www.dailynewsegypt.com