24 Hrs
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اقتصاد سكاي نيوز عربية
Al Alamain Africa Forum Opens New Markets for Egypt
The first edition of the Alamein Africa Business Forum was held, resulting in the establishment of 11 agreements and memoranda of understanding, along with investment initiatives and meetings aimed at opening new markets for Egyptian companies in Africa. The outcomes included projects across various sectors, such as transportation—with the expansion of the Dar es Salaam port in Tanzania—and the automotive sector. There were also agreements to establish a high-level committee with South Africa and memoranda of understanding signed with Equatorial Guinea, the Congo, and Angola to strengthen cooperation in agriculture, tourism, and industry. Additionally, procedures were completed to establish a veterinary vaccine factory in Angola, and collaboration in healthcare and pharmaceutical industries was emphasized, with a focus on supporting startups and small businesses to expand their reach into African markets. In the energy and mining sectors, Egypt's Minister of Petroleum held meetings with Egyptian companies to promote further expansion into the African market. The forum also explored opportunities for cooperation in energy, fertilizers, and chemicals sectors, following discussions between Egyptian President Abdel Fattah El Sissi and the founder of The Dangote Group regarding investments in these areas. The event, held in New Alamein City in October, also featured meetings between African and international delegations, aimed at strengthening economic and trade relations between Egypt and Africa.
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