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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie
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Sisi Meets Putin to Discuss Strategic Cooperation at BRICS Summit


Tue 22 Oct 2024 | 08:33 PM
H-Tayea

Egyptian President Abdel Fattah El-Sisi arrived in Russia today to attend the BRICS Economic Summit in Kazan, marking Egypt’s first participation as a full member of the influential economic bloc. El-Sisi was received by Russian President Vladimir Putin upon his arrival, underscoring the strategic relations between the two countries.

This summit holds special significance for Egypt, as it represents the first formal engagement of the North African nation within BRICS since its official membership began in early 2024. Egypt’s inclusion in the group, alongside countries such as Brazil, Russia, India, China, and South Africa, signals new economic opportunities and aligns with its broader foreign policy to diversify alliances and boost its global economic standing.

Egypt’s accession to BRICS reflects its ambition to strengthen economic ties with emerging markets and shift away from dependence on traditional Western partners. The BRICS bloc, which accounts for around 40% of the global population and a significant share of the world’s GDP, has become a vital platform for promoting South-South cooperation and multipolar trade systems.

By joining BRICS, Egypt aims to expand trade opportunities, attract foreign investment, and enhance cooperation in infrastructure, agriculture, and technology sectors. Moreover, BRICS provides an alternative financial network, including access to the New Development Bank (NDB), which offers Egypt new avenues for financing large-scale projects and development initiatives.