Egypt Independent

Egypt’s New Administrative Capital to host ‘Invest in Africa 2019’ conference



Egypt’s Minister of Investment and International Cooperation Sahar Nasr discussed preparations for organizing the “Invest in Africa 2019” conference set to held on November 22-23 in the New Administrative Capital, in cooperation with the Ministries of Foreign Affairs, Trade and Industry.

Nasr met with Prime Minister Mostafa Madbouly to review the latest preparations and follow up the development and expansion of free and investment zones.

She said that this year’s conference is being held under the chairmanship of President Abdel Fattah al-Sisi as the president of the African Union, making it a vialbe platform to mobilize international institutions and the private sector to investing in the continent.

Nasr added that the conference will also include sessions focusing on the role of women, young entrepreneurs, renewable energy projects and information technologies.

Madbouly stressed the importance of highlighting Egypt’s role in the continent, as it is the largest investment group to show available investment opportunities, contributing towards achieving sustainable and inclusive growth that will provide millions of jobs, utilize natural resources and implement major projects.

Several heads of states and governments, ministers and some 200 representatives of Egypt’s development partners, as well as businessmen and investors from around the world, are scheduled to attend the conference to stimulate investment in Africa.

Nasr said that the government is preparing to launch 497 new projects in the investment areas in Daqahlia , Qalyubiya and Giza, as part of its plan to establish 13 new investment zones in seven governorates, including 2,828 projects which would contribute to the creation of roughly 500,000 jobs.

Edited translation from Al-Masry Al-Youm