Deputy: Alamein Forum Enhances Egypt’s Regional Role

The New Alamein City hosted the first "Alamein – Africa for Business" Forum, alongside the ODA-NiPAD Summit, to enhance Egypt's role in supporting African economic integration. President Sisi pointed out significant gaps in the African market, noting that the private sector contributes over 70% of the GDP, with 85% of transactions occurring outside Africa, while intra-Africa trade has declined to approximately 18% of total commerce. The forum focuses on empowering small and medium-sized enterprises and entrepreneurs, aiming to leverage the youth demographic, which makes up 65% of the population, and to achieve more effective economic integration by improving infrastructure, legislation, and attracting funding. Experts confirm that Egypt’s efforts, backed by its geographical position and expertise in energy and transportation, place it in a leading position to support the implementation of Africa’s 2063 goals and reduce dependence on external financing. This is to be accomplished through strengthening partnerships between the public and private sectors and developing bankable and executable projects across the African markets.

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