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

Egyptian Authorities Order the Closure of Al-Balad Bookstore

Engy AdhamSeptember 24, 2017

State Institutions to be Moved to the New Administrative Capital By the End of 2018: PM

Egyptian StreetsSeptember 24, 2017

The International Finance Corporation to Invest $150 Million in Agriculture in Egypt

Egyptian StreetsSeptember 24, 2017

Egyptian Icon Oum Kulthum Featured in New Film Screened at Venice Film Festival

Samir ShalabiSeptember 24, 2017

Former Leader of Muslim Brotherhood Mohamed Mahdi Akef Dies at 89

Egyptian StreetsSeptember 23, 2017

Forest Whitaker to Receive Career Achievement Award at El Gouna Film Festival

Egyptian StreetsSeptember 23, 2017

Egypt Ranks First in ‘Where to invest in Africa 2018’ List

Egyptian StreetsSeptember 21, 2017

Uber to Launch Public Transport Service in Egypt: Minister

Egyptian StreetsSeptember 21, 2017
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.