Egypt’s Foreign Minister Badr Abdelatty attended the Egypt-Gabon Business Forum, highlighting strong economic ties and Egypt’s investment exceeding $14 billion in Africa. The forum facilitated discussions on enhancing trade, infrastructure projects, and agricultural cooperation, aimed at contributing to Gabon’s sustainable development goals.
Badr Abdelatty, the esteemed Minister of Foreign Affairs of Egypt, participated in the Egypt-Gabon Business Forum held in Libreville, Gabon’s capital. This significant event included the presence of Gabonese President Ali Bongo Ondimba and several key Gabonese government officials, alongside a cohort of influential Egyptian and Gabonese business leaders and investors. Minister Abdelatty recognized the forum as an essential venue for enhancing economic collaboration between Egypt and Gabon, emphasizing the commitment of President Abdel Fattah Al-Sisi to boost bilateral relations through increased trade and joint investment ventures.
In his remarks, Mr. Abdelatty expressed Egypt’s preparedness to engage actively within Gabon’s market, indicating Egypt’s intent to support Gabon’s widespread development initiatives. He noted the willingness to share expertise in vital sectors such as infrastructure, energy, construction, pharmaceuticals, and agriculture, aiming to contribute effectively to Gabon’s sustainable development objectives.
Furthermore, Minister Abdelatty highlighted the pivotal role that public and private entities play in advancing economic growth across the African continent. He announced that Egyptian investments throughout Africa have surpassed $14 billion, attributing this achievement to the professionalism and dependability of Egyptian companies known for their timeliness and budget adherence in project execution.
The forum also served as a catalyst for extensive discussions among Gabonese ministers, investors, and Egyptian business representatives. These dialogues were centered on strengthening economic partnerships and investment opportunities, with Egyptian delegates proposing developmental projects in sectors such as road and port infrastructure and renewable energy. The discussions further explored the enhancement of agricultural cooperation to ensure food security and promote the exchange of technology and manufacturing expertise.
The economic relations between Egypt and its African counterparts have gained significant momentum in recent years, with increasing investment and trade initiatives aimed at fostering regional development. Egypt has positioned itself as a prominent investor in Africa, focusing on infrastructure and technology sectors to not only enhance economic cooperation but also to support sustainable development goals within its partner nations. The importance of such forums lies in their ability to facilitate dialogue among government officials and private investors, encouraging partnerships that can yield substantial economic benefits for both parties involved.
In conclusion, Minister Badr Abdelatty’s participation in the Egypt-Gabon Business Forum underscores Egypt’s unwavering commitment to strengthening its economic ties with Gabon and the broader African continent. By emphasizing the significance of bilateral trade and joint investments, and by revealing the impressive $14 billion in Egyptian investments across Africa, the forum represents a crucial step toward fostering sustainable development and enhancing cooperation in various critical sectors between the two nations.
Original Source: www.dailynewsegypt.com
