KEY POINTS
- Egyptian investments in Africa surpass $14 billion, with a focus on infrastructure, energy, agriculture, and manufacturing.
- Egypt-Gabon Business Forum strengthens trade ties and supports Gabon’s sustainable development goals.
- Egyptian companies showcase efficiency in delivering development projects, boosting Egypt’s influence and partnerships across African markets.
Egypt’s Minister of Foreign Affairs, Badr Abdelatty, announced that Egyptian investments across Africa have exceeded $14 billion. He shared this milestone during the Egypt-Gabon Business Forum held in Libreville, Gabon, an event aimed at bolstering economic ties between the two nations.
The forum, attended by Gabonese President Ali Bongo Ondimba and seven senior Gabonese government ministers, provided a platform for business leaders from Egypt and Gabon to explore joint investment opportunities. Key areas of discussion included infrastructure, energy, agriculture, and manufacturing.
Strengthening bilateral economic ties
In his address, Abdelatty emphasized the commitment of Egyptian President Abdel Fattah Al-Sisi to strengthening bilateral relations with Gabon and other African nations. He outlined Egypt’s readiness to support Gabon’s comprehensive development goals through expertise in critical sectors such as infrastructure, construction, pharmaceuticals, and renewable energy.
“Egyptian companies are recognized across Africa for their efficiency and reliability, consistently delivering projects on time and within budget,” Abdelatty said.
Expanding trade and investment partnerships
The forum featured extensive discussions on enhancing trade and investment partnerships. Egyptian delegates presented proposals for developmental projects in Gabon, including road construction, port development, and renewable energy initiatives.
Agricultural cooperation was another key focus, with both nations exploring strategies to improve food security and share technological expertise in farming and manufacturing. Gabonese ministers expressed interest in leveraging Egypt’s experience to achieve sustainable growth in these sectors.
$14 billion investment milestone
The announcement of over $14 billion in Egyptian investments across Africa underscores Egypt’s expanding economic footprint on the continent. Abdelatty attributed this success to the strong collaboration between Egypt’s public and private sectors.
“Egypt’s investments reflect a commitment to driving Africa’s economic progress while aligning with the sustainable development goals of partner nations,” he noted.
Promoting sustainable development
Abdelatty reiterated Egypt’s focus on fostering inclusive growth across Africa by sharing expertise and resources. He encouraged African nations to take advantage of Egypt’s advancements in energy, healthcare, and digital transformation to accelerate their development agendas.
The Egypt-Gabon Business Forum marked a step forward in solidifying economic ties between the two countries and set the stage for future collaboration. Egyptian companies are expected to play a pivotal role in Gabon’s ambitious development projects, further deepening the partnership between the two nations.
With this latest milestone, Egypt continues to position itself as a leading investor and development partner across the African continent.
