Photo Source: Al-Ahram
Egyptian President Abdel Fattah Al-Sisi participated in the 16th BRICS summit, held in Kazan, Russia from October 22 to 24, 2024, marking a significant milestone in Egypt’s foreign policy and economic strategy.
During his address at the plenary session on Wednesday, Al-Sisi reaffirmed Egypt’s commitment to deepening its collaboration with BRICS members and leveraging the bloc’s resources to drive sustainable development.
Egypt’s recent accession to the BRICS New Development Bank was a key focus, as the president highlighted its potential to boost infrastructure projects and promote economic growth across the country, according to a report from Reuters.
He emphasized Egypt’s efforts to attract foreign investment and create a business-friendly environment, noting that the country’s strategic geographic location positions it as a key gateway between Africa, Europe, and the Middle East.
Formed in 2009, BRICS is a bloc of emerging economies—Brazil, Russia, India, China, and South Africa—that collectively represent over 40 percent of the world’s population and nearly a quarter of the global GDP. Its main goal is to promote economic cooperation, trade, and development among its members and to challenge the Western-dominated global economic order.
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