The Egyptian-Sudanese Business Forum aimed to strengthen economic ties between Egypt and Sudan, focusing on industrial investment and trade. Deputy Prime Minister Kamel Al-Wazir highlighted the benefits of cooperation, emphasizing job creation and regional collaboration. Key officials participated, reiterating Egypt’s support for Sudan and the importance of fostering strong economic relations.
The inaugural Egyptian-Sudanese Business Forum convened recently with the objective of strengthening economic ties between Egypt and Sudan. Opening the event, Deputy Prime Minister for Industrial Development, Kamel Al-Wazir, highlighted the critical importance of fostering industrial investments and trade. He articulated the forum’s intention to bolster the foundations of cooperation between the two nations across all sectors, aiming at maximizing their collective potential and enhancing trade levels for the benefit of both peoples. Al-Wazir also emphasized the advantages of increased industrial investment, particularly in terms of job creation and technological advancement.
Under the patronage of Al-Wazir, the forum included participation from prominent officials such as Omar Bannafir, Sudanese Minister of Trade and Supply, and Mahasen Yaqoub, Sudanese Minister of Industry, among others. In his address, Al-Wazir relayed greetings from President Abdel Fattah Al-Sisi, expressing optimism for the forum’s outcomes while underscoring the significant ties shared between Egypt and Sudan. He also highlighted the necessity of developing new frameworks to address the economic ramifications of regional conflicts, reiterating the importance of international cooperation in finding viable solutions.
Al-Wazir reaffirmed Egypt’s ongoing commitment towards regional stability and development, particularly in relation to supporting Arab nations coping with conflict. He recognized national unity as a cornerstone for overcoming challenges and asserted Egypt’s proactive role in advancing regional peace efforts and fostering international collaboration.
Emphasizing collaboration for Sudan’s economic recovery, Al-Wazir discussed the historical bonds and existing transport networks connecting both countries. He specifically noted three major land transport routes: Toshka-Arqin, Qustul-Wadi Halfa, and Halaib-Port Sudan, alongside plans for an intermodal railway station at Abu Simbel and the development of logistics zones and land ports.
The Deputy Prime Minister further outlined the mutual benefits resulting from enhanced industrial investment, including job creation and technological progress. He stressed the forum’s role in establishing an industrial partnership that would foster regional collaboration, thereby allowing both nations to leverage their strengths and address shared challenges effectively.
Al-Wazir also stated that untapped cooperation potential exists between Egypt and Sudan, maintaining Egypt’s commitment to attracting Sudanese investments through favorable climate and incentives. He pointed out significant institutional reforms undertaken to streamline investor processes and improve Egypt’s appeal to foreign investments.
Highlighting the vital role of the transport sector in economic integration, Al-Wazir discussed the Ministry of Transport’s initiatives aimed at transforming Egypt into a logistics hub, including the development of logistics corridors and dry ports across the nation, consistent with directives from President Al-Sisi for enhancing regional connectivity.
Concluding his remarks, Al-Wazir referred to the timeliness of the forum amidst Sudan’s economic reforms aimed at public-private partnerships in sectors such as agriculture and technology. He acknowledged Sudan’s rich natural resources and strategic location as attractive factors for global investors.
In summary, Al-Wazir reiterated the necessity of sustained cooperation between Egypt and Sudan, particularly in trade and investment, expressing optimism for continued collaboration that would yield mutual advantages.
The Egyptian-Sudanese Business Forum marks a significant step toward fostering economic ties between Egypt and Sudan, essential nations in North Africa. Economic collaboration can spur job creation, technological advancements, and regional stability, especially within a context of ongoing regional conflicts. This forum seeks to address potential investment opportunities while reinforcing shared historical and economic connections between both countries, fostering a robust cooperative relationship.
The Egyptian-Sudanese Business Forum serves as a pivotal platform for advancing economic cooperation between the two nations. Deputy Prime Minister Kamel Al-Wazir’s emphasis on industrial investment and trade highlights critical opportunities for job creation and technological progress. The ongoing commitment towards regional stability and the fostering of robust transport networks underline the importance of sustained collaboration for mutual benefit, paving the way for future investments and enhanced cooperative frameworks.
Original Source: www.dailynewsegypt.com
