Dr. Wajdi Zein El-Din, a member of the Supreme Committee and editor in chief of al-Wafd newspaper, said that Mohamed Abou El-Enein, deputy Parliament Speaker, is a national figure and a prominent businessman with a long history in the industrial field and in presenting many national visions throughout his political life.
During his interview with TV anchor Rasha Magdy’s Sabah Al-Balad talk show aired on Sada El-Balad TV satellite channel, Zein El-Din praised the MP Abou Al-Enein’s speech during the African investment promotion agencies (IPAs), being held in Sharm El-Sheikh.
He stated that Abu El-Enein highlighted President Abdel Fattah El-Sisi’s future visions for Egypt and Africa who demanded that bodies for the Forum of African Investment Promotion Agencies be established so that investment in Africa can be activated.
He pointed out that Egypt is always interested in using the natural and human resources in the African continent, which has 500 trillion feet of gas, and other many energy sources, as revealed by MP Abou El-Enein in his speech during the opening ceremony of the forum held in Sharm El-Sheikh.
Zein El-Din stressed the need to help the African continent to recover from its setback especially that it possesses great human and natural resources.
Egyptian Prime Minister Mustafa Madbouly inaugurated, on Friday, the first forum of the heads of African investment promotion agencies (IPAs) organized by the General Agency for Investment (GAFI) under the auspices of the Cabinet, from June 11 to 14 in Sharm El-Sheikh, in the presence of ministers and heads of investment agencies of 34 African countries, in addition to Representatives of major institutions and economic blocs.
The forum is held under the slogan “Integration for Growth”, as the participants in the forum will work on joint coordination and strengthening integration among African investment agencies to qualify the countries of the continent to be a stable and attractive destination for foreign direct investment and to be able to successfully operate investment projects in Africa, achieve economic persification, optimize the use of vast natural resources, and enhance the competitiveness of the economies, leading to an increase in the flow of non-African investments and intra-African investments among the countries of the continent.
During the forum, a number of memoranda of understanding will be signed between the General Authority for Investment and its counterparts from investment promotion agencies, with the aim of strengthening bilateral investment relations and developing mutual cooperation between Egypt and its African counterparts.
Follow the latest news on Google News
