Egyptian Foreign Affairs Minister Badr Abdelatty reaffirmed Egypt’s commitment to enhancing economic ties with Gabon during the Egypt-Gabon Business Forum. With Egyptian investments in Africa surpassing $14 billion, significant discussions were held focusing on investment partnerships and key sectors for collaboration, such as infrastructure and agriculture.
On the occasion of the Egypt-Gabon Business Forum in Libreville, Egypt’s Foreign Affairs Minister, Badr Abdelatty, highlighted the growing economic relations between Egypt and Gabon. The event featured Gabonese President Ali Bongo Ondimba and key government ministers alongside numerous Egyptian and Gabonese business leaders. Minister Abdelatty emphasized the commitment of President Abdel Fattah Al-Sisi to bolstering bilateral ties through enhanced trade and mutual investments.
During his discourse, Abdelatty affirmed Egypt’s commitment to engaging actively within Gabon’s market, intending to support the nation’s comprehensive development initiatives by sharing expertise across vital sectors including infrastructure, energy, construction, pharmaceuticals, and agriculture, all aimed at fostering Gabon’s sustainable development.
He further stressed the significance of both public and private sectors in driving Africa’s economic advancement, noting that Egyptian investments on the continent have now surpassed $14 billion. Abdelatty attributed this success to the reliability and operational efficiency of Egyptian firms, celebrated for their punctuality and adherence to budget constraints.
The forum prompted significant dialogue among Gabonese ministers, investors, and Egyptian businessmen, focusing on strengthening investment partnerships. Egyptian delegates presented several proposals aimed at developmental projects, particularly in road construction, port enhancement, renewable energy, and agricultural collaboration to improve food security and facilitate technological expertise exchange.
The relationship between Egypt and African nations, particularly Gabon, has been enhancing significantly through various business and investment forums. As Egypt aims to increase its presence in the African market, the role of the government in facilitating investments has become prominent. The ongoing dialogues highlight the sector-focused approach, targeting key areas essential for sustained economic growth and development within Gabon and the broader African continent.
In summary, Egypt continues to expand its economic footprint across Africa, with Minister Badr Abdelatty asserting the nation’s determination to foster robust partnerships in Gabon. The Egypt-Gabon Business Forum underscores Egypt’s strategic commitment to investment and development in vital sectors, emphasizing the importance of cooperation for mutual benefit. As Egyptian investments exceed $14 billion in Africa, the future of Egypt-Gabon relations appears promising.
Original Source: www.dailynewsegypt.com
