News

Egypt’s Economic Conference Launches Today With 2,000 Delegates From 112 Countries

Egypt’s Economic Conference Launches Today With 2,000 Delegates From 112 Countries

Egypt’s Economic Development Conference is set to be inaugurated at 4PM today in the Red Sea resort town of Sharm El-Sheikh with government officials, businessmen and more from 112 countries in attendance.

The conference, held to boost foreign investment to restore Egypt’s economy, has attracted delegations from the United States, the United Kingdom, the European Union, Russia, United Arab Emirates, Saudi Arabia, Kuwait, Jordan, Japan, China, India and more.

Among those in attendance are the US Secretary of State John Kerry, Palestinian President Mahmoud Abbas, Jordanian King Abdullah II, the United Kingdom’s Foreign Secretary Philip Hammond, Ethiopia’s Prime Minister Desalegn, Sudan’s President Omar Al-Bashir and other high level officials.

At an event held by the American Chamber of Commerce in Egypt, Kerry encouraged greater foreign investment in Egypt, adding that US companies invested $US 2 billion in Egypt in 2014.

“This part of the world is blessed with a stunning amount of commercial potential,” declared Kerry.

US Secretary of State John Kerry at Sharm El-Sheikh.
US Secretary of State John Kerry, Egypt’s Former Arab League head Amr Moussa and others at breakfast.

With the motto ‘Egypt The Future’, the conference aims to boost the recovery of Egypt’s economy, which had deteriorated due to political and social turmoil since 2011.

The conference will see 2,000 delegates from 112 countries come to Sharm El-Sheikh amid tight security.

Egypt's New Capital City Revealed
First Glimpse At Egypt's New Capital City

Subscribe to our newsletter


News

More in News

The Egyptian Museum Makes it to UNESCO World Heritage Sites’ Tentative List

Egyptian Streets9 April 2021

Egyptologist Zahi Hawass Announces Discovery of Lost ‘Golden’ City in Luxor

Egyptian Streets8 April 2021

Egyptian Oranges Hit Japanese Shores

Olivia Mustafa7 April 2021

Kinshasa Talks on Ethiopian Dam End With No Progress: FM Shoukry

Egyptian Streets7 April 2021

Three Egyptian Men Referred to Criminal Trial for North Coast Rape

Egyptian Streets5 April 2021

How to Watch Live: Egypt’s Historic Pharaohs’ Golden Parade

Egyptian Streets3 April 2021

Egypt to Claim $1 Billion in Compensation for Suez Canal Blockage

Olivia Mustafa2 April 2021

Public Prosecution to Appeal Court Ruling to Release 4 Accused Fairmont Rapists

Egyptian Streets30 March 2021