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Egypt Independent
5 days ago
- Business
- Egypt Independent
FM: Egyptian economy has promising investment chances
CAIRO/BAMAKO, July 24 (MENA) – Minister of Foreign Affairs, Emigration and Egyptians Abroad Badr Abdelatty affirmed that the Egyptian economy—being one of the largest economies in the African continent—possesses promising investment opportunities and extensive cumulative expertise in implementing strategic projects in sectors such as infrastructure, agriculture, energy, dams, pharmaceuticals, and telecommunications. He also highlighted the significant progress Egypt has achieved in both industrial and service sectors. Abdelatty's remarks came while inaugurating the Egypt-Mali Business Forum on Thursday in Mali's capital, Bamako. A high-level Egyptian delegation of 30 business leaders, CEOs, and representatives of major Egyptian companies across various fields participated in the forum. In his opening speech, Abdelatty said the forum marks a new and important milestone in strengthening economic and trade partnerships between Egypt and Mali. He emphasized that it opens unprecedented opportunities for the private sectors in both countries to develop partnerships based on integration and trust, in line with the depth of historical ties and the economic potential of both nations. The foreign minister stressed that Egypt-Mali relations are currently witnessing unprecedented momentum and that the forum serves as a significant starting point for boosting trade exchange, encouraging industrial and investment partnerships, and enhancing cooperation between the business communities of both countries. He described the forum as a practical first step toward strengthening institutional cooperation. He pointed out to joint efforts that have led to the formation of an economic working group, as well as ongoing efforts to establish an Egypt-Mali Business Council to activate cooperation opportunities across various sectors. He expressed Egypt's sincere desire to expand its investments in the Republic of Mali, especially in sectors prioritized by the Malian government, such as textiles, wood products, and pharmaceuticals. For his part, Mali's Minister of Industry and Trade Moussa Alassane Diallo emphasized the special importance that the Malian government places on enhancing cooperation with Egypt. He praised Egypt's vast expertise in supporting development across Africa. He also expressed Mali's aspiration to benefit from Egypt's pioneering experience in several key sectors. He affirmed that the holding of the forum reflects a shared political will to elevate economic and investment cooperation between the two countries. (MENA)
Middle East
5 days ago
- Business
- Middle East
OPEN// FM: Egyptian economy has promising investment chances
CAIRO/BAMAKO, July 24 (MENA) - Minister of Foreign Affairs, Emigration and Egyptians Abroad Badr Abdelatty affirmed that the Egyptian economy—being one of the largest economies in the African continent—possesses promising investment opportunities and extensive cumulative expertise in implementing strategic projects in sectors such as infrastructure, agriculture, energy, dams, pharmaceuticals, and telecommunications. He also highlighted the significant progress Egypt has achieved in both industrial and service sectors. Abdelatty's remarks came while inaugurating the Egypt-Mali Business Forum on Thursday in Mali's capital, Bamako. A high-level Egyptian delegation of 30 business leaders, CEOs, and representatives of major Egyptian companies across various fields participated in the forum. In his opening speech, Abdelatty said the forum marks a new and important milestone in strengthening economic and trade partnerships between Egypt and Mali. He emphasized that it opens unprecedented opportunities for the private sectors in both countries to develop partnerships based on integration and trust, in line with the depth of historical ties and the economic potential of both nations. The foreign minister stressed that Egypt-Mali relations are currently witnessing unprecedented momentum and that the forum serves as a significant starting point for boosting trade exchange, encouraging industrial and investment partnerships, and enhancing cooperation between the business communities of both countries. He described the forum as a practical first step toward strengthening institutional cooperation. He pointed out to joint efforts that have led to the formation of an economic working group, as well as ongoing efforts to establish an Egypt-Mali Business Council to activate cooperation opportunities across various sectors. He expressed Egypt's sincere desire to expand its investments in the Republic of Mali, especially in sectors prioritized by the Malian government, such as textiles, wood products, and pharmaceuticals. For his part, Mali's Minister of Industry and Trade Moussa Alassane Diallo emphasized the special importance that the Malian government places on enhancing cooperation with Egypt. He praised Egypt's vast expertise in supporting development across Africa. He also expressed Mali's aspiration to benefit from Egypt's pioneering experience in several key sectors. He affirmed that the holding of the forum reflects a shared political will to elevate economic and investment cooperation between the two countries. (MENA) Y R E/R E E
Al-Ahram Weekly
6 days ago
- Business
- Al-Ahram Weekly
FM Abdelatty inaugurates Egypt-Mali Business Forum in Bamako - Foreign Affairs
Minister of Foreign Affairs Badr Abdelatty inaugurated the Egypt-Mali Business Forum on Thursday in Bamako, Mali's capital, according to a statement from the Egyptian Foreign Ministry. The forum featured broad participation from senior business leaders and representatives of both the public and private sectors from Egypt and Mali. In his opening speech, Abdelatty stated that the forum represents a new and important milestone in strengthening economic and trade partnerships between Egypt and Mali. He noted that Egyptian-Malian relations are currently witnessing unprecedented momentum. Egypt's FM emphasised that the forum opens unprecedented opportunities for the private sectors in both countries to develop partnerships based on integration and mutual trust, reflecting the two countries ' deep historical ties and economic potential. He praised the forum as a practical first step toward institutional cooperation, especially in light of the joint efforts that led to the establishment of an economic working group between the two countries. He also highlighted the ongoing efforts to create an Egypt-Mali Business Council to activate cooperation opportunities across various sectors. Furthermore, Abdelatty expressed Egypt's genuine desire to expand its investments in Mali, particularly in the textile, wood, and pharmaceutical sectors. He also explained that the Egyptian economy, being one of the largest in Africa, has promising investment opportunities. Egyptian companies, Abdelatty added, have ample experience in implementing strategic projects in infrastructure, agriculture, energy, dams, pharmaceuticals, and telecommunications. According to the statement, the Egyptian FM reaffirmed Egypt's continued support of Mali's efforts to achieve security and stability and to counter terrorism. He stressed the importance of adopting a comprehensive approach that links security and development. In return, Moussa Al-Hassan Diallo, Mali's Minister of Industry and Trade, emphasised the high importance the Malian government places on enhancing cooperation with Egypt. He also praised Egypt's expertise in supporting development in Africa. Moreover, Diallo stated that the forum reflects the shared political will to raise the level of economic and investment cooperation between the two countries and represents a qualitative step toward establishing a sustainable partnership. Abdelatty's visit to Mali is the fourth destination on his five-leg African tour. Having already visited Niger, Mali, Nigeria, and Burkina Faso, he has yet to visit Senegal. This regional tour follows Egypt's engagement in the 47th Ordinary Session of the African Union's Executive Council held earlier in July. Follow us on: Facebook Instagram Whatsapp Short link:
