The Egyptian-Sudanese Business Forum aimed to strengthen economic ties through enhanced industrial cooperation and investments. Deputy Prime Minister Kamel Al-Wazir underscored the significance of joint efforts in boosting trade and addressing regional challenges, highlighting Egypt’s commitment to support Sudan’s economic recovery and attract investments.
The inaugural Egyptian-Sudanese Business Forum, convened on Saturday, set its sights on fostering robust economic cooperation between Egypt and Sudan. Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, inaugurated the forum, highlighting the imperative of expanding industrial investments and trade between the two nations. Al-Wazir articulated the forum’s purpose to enhance existing cooperation frameworks and capitalize on mutual strengths to elevate trade levels for the benefit of both populations. He stressed the multifaceted advantages of deeper industrial investments, encompassing job creation and technological progress.
Under the patronage of Al-Wazir, the forum attracted a host of prominent attendees, including Sudanese Minister of Trade and Supply Omar Bannafir, Minister of Industry Mahasen Yaqoub, and Minister of Transport Abubakr Abu Al-Qasim Abdullah, among others. Al-Wazir conveyed messages from President Abdel Fattah Al-Sisi, expressing optimism for the forum’s outcomes and reaffirming the strong bonds between the two nations. He underscored the urgent need for robust cooperation, especially in mitigating the economic repercussions resulting from regional conflicts.
Emphasizing Egypt’s commitment to promoting regional economic stability, Al-Wazir asserted the importance of national unity in addressing common challenges. He pointed out the historical ties shared between Egypt and Sudan and the significance of enhancing transport networks that facilitate economic integration. Key transport projects discussed included land transport corridors, logistics zones, and intermodal facilities designed to bolster connectivity between the two countries, thereby fostering economic growth.
Al-Wazir highlighted the potential for industrial collaboration and the mutual benefits it can yield, including job creation and technological advancements. He called attention to Egypt’s improved investment climate, citing institutional reforms aimed at attracting Sudanese investments and enhancing the overall appeal to foreign investors. The role of the transport sector in economic integration was also a focal point, with initiatives designed to transform Egypt into a regional transport hub.
In a forward-looking conclusion, Al-Wazir emphasized Sudan’s ongoing economic reforms and its attractiveness to international investors, particularly in sectors such as agriculture and energy. He reiterated the significance of continued cooperation between Egypt and Sudan, signaling a commitment to strengthening bilateral relations in trade and investments for the mutual advantage of both nations.
The Egyptian-Sudanese Business Forum marks a significant development in the bilateral relations between Egypt and Sudan, focusing on enhancing economic cooperation and fostering investments. The initial gathering aims to create actionable strategies and frameworks that can bolster trade and industry between these neighboring countries. Given the historical ties that bind these nations, the forum seeks to navigate the challenges posed by regional conflicts while paving the way for mutual economic growth.
The Egyptian-Sudanese Business Forum serves as a pivotal platform for enhancing economic ties between Egypt and Sudan. Through dialogue and collaboration, both nations are looking to leverage their historical connections and infrastructure to stimulate growth and investment. Deputy Prime Minister Kamel Al-Wazir’s emphasis on job creation, technological growth, and stable collaboration signals a positive approach towards a prosperous partnership aimed at benefiting both peoples.
Original Source: www.dailynewsegypt.com
