The Egyptian-Sudanese Business Forum, inaugurated by Deputy Prime Minister Kamel Al-Wazir, aimed at enhancing economic cooperation between the two nations. The session focused on industrial investments, trade initiatives, and infrastructure development to bolster mutual benefits. Key officials from both countries participated, emphasizing the importance of collaboration for regional stability and growth amidst ongoing economic reforms.
The inaugural Egyptian-Sudanese Business Forum took place on Saturday, with a focus on enhancing economic cooperation between Egypt and Sudan. Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, officially opened the forum, stressing the need for expanded industrial investments and trade initiatives. He articulated that the forum’s purpose is to fortify existing collaborative frameworks across various sectors, thereby maximizing the potential and trade capabilities of both nations for their mutual benefit.
The forum convened under the auspices of Mr. Al-Wazir and saw the participation of several distinguished officials, including Sudanese Minister of Trade, Omar Bannafir, and Sudanese Minister of Industry, Mahasen Yaqoub, among others. In his address, Mr. Al-Wazir extended greetings from President Abdel Fattah Al-Sisi and expressed optimism regarding the forum’s outcomes. He recognized the strong ties between the two countries while reiterating Egypt’s unwavering support for Sudan.
Mr. Al-Wazir outlined the economic repercussions of regional conflicts, calling for the establishment of new frameworks to mitigate such challenges and promoting international cooperation for effective solutions. He reaffirmed Egypt’s pledge toward the stability and development of the region, emphasizing the importance of cooperation amidst the complexities of conflict.
Highlighting Egypt’s unwavering support for Sudan’s economic recovery, he underscored the longstanding historical connections between the nations. Mr. Al-Wazir detailed existing transport networks linking Egypt and Sudan, pointing out three significant land transport routes and future infrastructure developments, including a new intermodal railway station in Abu Simbel and several logistics zones.
He articulated the substantial benefits that arise from enhanced industrial cooperation, such as job creation, technological advancements, and holistic economic growth. Mr. Al-Wazir underscored the potential for industrial integration partnerships that would allow both nations to leverage their respective strengths to address common challenges.
Furthermore, he pointed out the largely untapped avenues for cooperation and reiterated Egypt’s readiness to attract Sudanese investments by outlining a favorable investment climate characterized by supportive incentives and free trade agreements. Mr. Al-Wazir mentioned significant institutional reforms undertaken by Egypt to enhance investor experience, which increases the nation’s appeal to foreign investors.
Emphasizing the critical role of the transport sector in fostering economic integration, he described ongoing initiatives to elevate Egypt as a regional transport and logistics hub. These include the development of logistics corridors along with plans for extensive logistical infrastructure, in line with directives from President Al-Sisi.
Concluding, Mr. Al-Wazir commended the forum’s significance amidst Sudan’s ongoing economic reforms aimed at enhancing investments, particularly in public-private partnerships within vital sectors such as agriculture and energy. He acknowledged Sudan’s rich resources and strategic position as factors enticing global investment, particularly in agricultural domains.
In summary, he called for sustained collaboration to foster stronger ties between Egypt and Sudan across all sectors, with a particular emphasis on trade and investment, thus reflecting a promising outlook for future cooperative endeavors.
The Egyptian-Sudanese Business Forum represents a significant initiative aimed at reinforcing the economic relationship between Egypt and Sudan. With both nations facing unique challenges and opportunities in the current economic landscape, collaboration is crucial for growth. The forum serves as a platform to discuss industrial investments, trade partnerships, and infrastructural developments. It also reflects a broader commitment to regional stability and the enhancement of mutual economic benefits, rooted in historical ties and shared interests.
Overall, the first Egyptian-Sudanese Business Forum highlighted the critical importance of fostering economic cooperation between the two nations. Through enhanced industrial investments and trade partnerships, both Egypt and Sudan can achieve substantial mutual benefits. The remarks by Deputy Prime Minister Kamel Al-Wazir served to underline the shared historical connections and the potential for renewed collaboration across various sectors, paving the way for future initiatives that promote economic growth and stability in the region.
Original Source: www.dailynewsegypt.com
