The first Egyptian-Sudanese Business Forum emphasized the importance of economic cooperation and industrial investment between Egypt and Sudan. Deputy Prime Minister Kamel Al-Wazir highlighted mutual benefits such as job creation, technological advancement, and initiatives for structural improvements in trade infrastructure. The forum featured participation from key officials and conveyed Egypt’s commitment to supporting Sudan amidst ongoing economic challenges.
The inaugural Egyptian-Sudanese Business Forum convened on Saturday to focus on enhancing economic cooperation between Egypt and Sudan. Kamel Al-Wazir, the Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, underscored the importance of industrial investment and trade expansion, declaring the forum’s aim to fortify cooperation across various sectors. He highlighted the benefits of such investments, notably in job creation and technological advancement, while fostering mutual economic gains.
Under Al-Wazir’s patronage, the forum welcomed esteemed officials including Omar Bannafir, Sudanese Minister of Trade and Supply, and Mahasen Yaqoub, Sudanese Minister of Industry, among others. In his opening address, Al-Wazir conveyed President Abdel Fattah Al-Sisi’s greetings and expressed optimism regarding the discussions, focusing on the deep-rooted ties between the nations and Egypt’s supportive stance towards Sudan.
In discussing regional economic stability, Al-Wazir accentuated the significance of developing frameworks to address challenges posed by regional conflicts, advocating for international collaboration in finding resolutions. He reaffirmed Egypt’s commitment to Arab nations impacted by conflict, stressing national unity as vital for overcoming such challenges.
Al-Wazir spoke of the shared history and strategic importance of transport networks connecting both countries, detailing three primary land transport axes that facilitate trade and economic collaboration. Furthermore, he presented initiatives for developing an intermodal railway station and establishing logistics zones in relevant areas to enhance connectivity and support trade growth.
During his address, Al-Wazir emphasized the potential for enhanced cooperation and Sudan’s favorable investment conditions. Highlighting Egypt’s efforts to improve its investment climate through significant reforms and incentives, he noted that these measures are aimed at attracting foreign investors, particularly from Sudan.
The Minister also pointed to Egypt’s ambition to establish itself as a regional transport and logistics hub through a series of infrastructure initiatives. He outlined ongoing developments, including logistics corridors and the establishment of dry ports to facilitate trade.
Concluding his address, Al-Wazir noted the relevance of the forum amid Sudan’s economic reforms and ongoing efforts to attract investments in various sectors. He praised Sudan’s rich resources and strategic location as major attractions for global investors, especially in agriculture and food production. He called for continued cooperation to enhance mutual benefits between the two nations.
The Egyptian-Sudanese Business Forum seeks to enhance bilateral economic relations between Egypt and Sudan. With both countries sharing historical ties and geographical proximity, the forum promises to provide a platform for discussing opportunities in industrial investment and trade. Egypt’s strategic initiatives to improve its investment landscape and infrastructure aim to attract Sudanese investment, particularly in light of ongoing regional economic challenges. Al-Wazir’s leadership at the forum exemplifies Egypt’s commitment to regional cooperation and economic growth.
The Egyptian-Sudanese Business Forum represents a critical step towards strengthening economic ties between Egypt and Sudan. Through enhanced industrial cooperation, both nations can address mutual challenges while capitalizing on shared strengths. By fostering trade, investment, and infrastructure development, Egypt reaffirms its dedication to supporting Sudan’s economic recovery and advancement in the regional context.
Original Source: www.dailynewsegypt.com
