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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie
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President Sisi Calls for Global Investment in Egypt’s Key Development Sectors


Sat 23 Nov 2024 | 01:06 PM
H-Tayea

President Abdel Fattah El-Sisi welcomed Børge Brende, Chairman of the World Economic Forum (WEF), and his accompanying delegation in Cairo today. The high-level meeting was attended by Prime Minister Dr. Mostafa Madbouly, Minister of Planning and Economic Development Dr. Rania Al-Mashat, Minister of Foreign Affairs and Immigration Dr. Badr Abdel Aty, and Minister of Investment and Foreign Trade Eng. Hassan El-Khatib.

During the discussions, President Sisi emphasized Egypt’s commitment to fostering global partnerships and attracting foreign private-sector investment into key development areas. These include sustainable energy, industry, transportation, digital transformation, artificial intelligence, and communications. These sectors are central to Egypt’s vision for economic transformation and sustainable development.

President Sisi also highlighted Egypt’s ongoing efforts to modernize its infrastructure and develop its industrial and agricultural sectors. He underscored the substantial investment opportunities these projects offer to international partners, which align with the nation’s Vision 2030 strategy for sustainable growth.

The official spokesperson for the Presidency noted that the discussions reflect Egypt’s focus on creating a robust and transparent environment for foreign investment. By enhancing legal and regulatory frameworks, Egypt is positioning itself as a leading destination for investors looking to capitalize on emerging market opportunities.

The meeting is part of Egypt’s broader strategy to integrate into the global economy, leverage its geographic and economic advantages, and solidify its role as a hub for sustainable growth and innovation. Egypt’s collaboration with the World Economic Forum reflects its commitment to fostering inclusive economic development, driven by innovation and international cooperation.

President Sisi’s message was clear: Egypt is open for business and ready to strengthen its global partnerships. By prioritizing critical sectors and encouraging foreign investment, the country is paving the way for long-term stability, job creation, and resilience in an increasingly interconnected world.