Planning min. to attend UK-Africa Investment Summit 2020 in London

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Sun, 19 Jan 2020 - 09:41 GMT

FILE: Planning and Economic Development Minister Hala el Saeed

FILE: Planning and Economic Development Minister Hala el Saeed

CAIRO - 19 January 2020: Planning and Economic Development Minister Hala el Saeed will head Sunday for London to take part in the proceedings of UK-Africa Investment Summit 2020.

The summit is held over three days with the participation of several governments and international foundations to enhance investment opportunities in Africa, according to a statement issued by the ministry.

The minister said that the summit will contribute to creating several partnerships that could increase investment opportunities in Africa and provide proper jobs with the aim of achieving economic growth in line with Africa Agenda for 2063, the statement reported.

The statement also highlighted Africa's need for luring more foreign investments and activating the international trade movement so as to help achieve the UN objectives for sustainable development.

The minister is scheduled to attend a forum under the title of "Egypt as an Axis and Gateway for Trade and Investment in Africa" which is organized by the British Business Council along with attending round table session on projects of housing, transport and water.

The Summit is hosted by UK Prime Minister Boris Johnson and will bring together businesses, governments and international institutions to showcase and promote the breadth and quality of investment opportunities across Africa.

The Summit will strengthen the UK’s partnership with African nations to build a secure and prosperous future for all our citizens. It will mobilise new and substantial investment to create jobs and boost mutual prosperity.

It is worth noting that the summit is the largest annual investment event held for the eighth time outside Africa.It is scheduled to witness the participation of more than 350 speakers during more than 30 sessions focusing on the countries of Egypt, Algeria, Morocco, Ethiopia, Nigeria and South Africa.

Also, President Abdel Fatah al-Sisi will take part in the UK-Africa Investment Summit 2020. The opening session will consist of speeches by UK Prime Minister Boris Johnson and African leaders. It will be followed by others on sustainable funding, infrastructure, trade and investment in light of African Continental Free Trade Area (AfCFTA), renewable energy, and growth opportunities.

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