Abul-Enein Reviews Africa’s Prospects at ‘Al-Ahram Al-Arabi’

 By: Ali Abu-Dashish 

CAIRO, Dec. 6 (SEE)- During a panel discussion held at Egyptian magazine ‘Al-Ahram Al-Arabi,’ Egyptian Businessman Mohammed Abul-Enein praised President Abdel-Fattah El-Sisi’s efforts and reviewed a number of vital issues including Egypt's presidency of the African Union in January next year.

In the beginning, Journalist Jamal Al-Kashki, the editor-in-chief of Al-Ahram Al-Arabi, hailed the national role played by Abul-Enein in Egypt, pointing out that he has a clear imprint in the public sector, especially in social contribution and reconstructing the desert. In fact, Ceramica Cleopatra Company established the first modern ceramic factory in Egypt in the 10th of Ramadan city.

On his part, Abul-Enein noted that international investment is leaning towards Africa as the continent is rich in natural resources and embraces a promising market that Egyptian products can penetrate easily. 

“Africa is a factory of raw materials; the continent includes 95% of world’s’ diamond reserves, 90% of platinum, 70% of gold, 33% of copper and 76 of the cobalt,” Abul-Enein added.

The businessman stressed that Egypt has to coordinate with countries in the ‘Virgin Continent.’ 

“Africa’s population is mainly youth who are the main engine of any progress in development in the world.”

As for the approaching phase, Abul-Enein believes that Egypt has to develop a policy and strategy to cooperate with the African continent, especially after presiding over the African Union. “Alexandria-Cape Town sector paves a way to achieve true African unity. It will also aid in investment and internal trade in the continent.”

Abul-Enein emphasizes that Egypt's recent mega projects and legislation encourage foreign investors.

“Egypt is capable of leading Africa through the development of a comprehensive map and an integrated and thoughtful project with objectives, management, public policy and schedules to implement the plan. Also, countries should cooperate with universities and scientific research centers specialized in discovering the wealth of Africa,” Abul-Enein concluded.