Xinhua, Sharm El-Sheikh :
Attracting a large number of world leading figures to its economic shows growth and development of Egypt’s economy and indicates that the country has developed a better investment environment, an Emirati minister told Xinhua in an exclusive interview on Saturday.
The United Arab Emirates’ (UAE) Minister of State Sultan Ahmed Al-Jaber said Egypt’s economy is heading in the right direction, stressing his country’s “unlimited support” for the fellow Arab state.
Around 90 countries, some of them represented by heads of states, 25 organizations and international institutions, as well as world top economists and diplomats, took part in the ongoing three-day Egypt Economic Development Conference (EEDC), held from March 13 to 15 at the Red Sea resort of Sharm El-Sheikh.
The EEDC, inaugurated by Egyptian President Abdel-Fattah al-Sisi, was attended by 20 heads of states including those of Kuwait, Bahrain, Sudan, Palestine and Ethiopia, in addition to the International Monetary Fund Christine Lagarde, U.S. Secretary of State John Kerry and a number of foreign senior officials.
“But for the healthiness of the Egyptian economic system, it wouldn’t have attracted those world leading figures, high-profile political leaders and world economic organizations and investment institutions,” said Al-Jaber.
The Emirati minister illustrated that all the Egyptian economic indicators have recently been positive, including the rising number of job opportunities, the increasing growth rate and the growing foreign investments.
During the EEDC, Germany’s Siemens signed on Saturday four memos of understanding with Egypt to establish power stations worth more than 10 billion dollars and the leading British Petroleum (BP) inked a 9-billion-dollar energy deal with the country.
As for the UAE, the Emirati minister expressed hope that his country would focus its investments in Egypt in the sectors of energy, electricity, transport and infrastructure.
The oil-rich country was among the Gulf states, excluding Qatar, that generously supported the new Egyptian leadership following the ouster of the Muslim Brotherhood-oriented President Mohamed Morsi by the military after June 2013 mass protests against his one-year rule.
“We have a lot of projects in Egypt since June 2013 that helped create 900,000 job opportunities and serve about 10 million Egyptians,” said Al-Jaber, who also leads the coordination office for the Emirate development projects in Egypt.
Attracting a large number of world leading figures to its economic shows growth and development of Egypt’s economy and indicates that the country has developed a better investment environment, an Emirati minister told Xinhua in an exclusive interview on Saturday.
The United Arab Emirates’ (UAE) Minister of State Sultan Ahmed Al-Jaber said Egypt’s economy is heading in the right direction, stressing his country’s “unlimited support” for the fellow Arab state.
Around 90 countries, some of them represented by heads of states, 25 organizations and international institutions, as well as world top economists and diplomats, took part in the ongoing three-day Egypt Economic Development Conference (EEDC), held from March 13 to 15 at the Red Sea resort of Sharm El-Sheikh.
The EEDC, inaugurated by Egyptian President Abdel-Fattah al-Sisi, was attended by 20 heads of states including those of Kuwait, Bahrain, Sudan, Palestine and Ethiopia, in addition to the International Monetary Fund Christine Lagarde, U.S. Secretary of State John Kerry and a number of foreign senior officials.
“But for the healthiness of the Egyptian economic system, it wouldn’t have attracted those world leading figures, high-profile political leaders and world economic organizations and investment institutions,” said Al-Jaber.
The Emirati minister illustrated that all the Egyptian economic indicators have recently been positive, including the rising number of job opportunities, the increasing growth rate and the growing foreign investments.
During the EEDC, Germany’s Siemens signed on Saturday four memos of understanding with Egypt to establish power stations worth more than 10 billion dollars and the leading British Petroleum (BP) inked a 9-billion-dollar energy deal with the country.
As for the UAE, the Emirati minister expressed hope that his country would focus its investments in Egypt in the sectors of energy, electricity, transport and infrastructure.
The oil-rich country was among the Gulf states, excluding Qatar, that generously supported the new Egyptian leadership following the ouster of the Muslim Brotherhood-oriented President Mohamed Morsi by the military after June 2013 mass protests against his one-year rule.
“We have a lot of projects in Egypt since June 2013 that helped create 900,000 job opportunities and serve about 10 million Egyptians,” said Al-Jaber, who also leads the coordination office for the Emirate development projects in Egypt.
