– I hope that investment in human resources will be given the utmost importance to achieve development and renaissance in our country. prefixed; It requires concerted efforts; To find effective solutions to them, in addition to intensifying work to advance the process of sustainable development; It is primarily a shared responsibility; The private sector and business councils play a major role. As they are indispensable partners in that regard.
This came in a recorded speech delivered by President Sisi, before the BRICS Business Forum. Today is Friday.
President Sisi began his speech by expressing his deep appreciation to Russian President Vladimir Putin, for the continued efforts, during the Russian presidency of the gathering for the current year, and the tireless efforts that were made; To advance cooperation frameworks among the BRICS countries, at all levels; The meetings, hosted by various ancient Russian cities, contributed; In deepening the bonds of relations and cooperation frameworks between our countries.
In the same context, President Sisi appreciated the holding of the BRICS Business Forum, which reflects the keenness to develop relations between the bloc’s countries; In a way that contributes to enhancing investments, intra-trade and joint projects; Which will undoubtedly lead to strengthening our efforts. To meet the aspirations of our peoples and achieve the desired economic growth.
President Sisi said that this forum represents an important platform; It allows exploring various investment and trade opportunities between the BRICS countries. And enhancing cooperation between private sector institutions by investing in each country’s competitive advantages. To launch joint projects; In a way that contributes to enriching economic integration among the bloc countries, and maximizes the role of BRICS, as a prominent economic bloc, in increasing global economic growth. Especially in light of the huge economic and investment opportunities that the countries of the bloc possess, especially in the fields of renewable energy, digital transformation and manufacturing industries, which have become among the most important pillars of achieving development.
The President explained Al-Sisi – in his recorded speech – stated that Egypt is moving with confident steps on the path of economic reform and comprehensive development. To achieve a more sustainable economy and the ability to withstand crises. In this context, the government recently took a set of ambitious steps and measures. To improve the investment climate and enhance the role of the private sector in leading economic development, as well as overcoming obstacles facing investors.
The president added that among the most prominent of these reforms is: imposing a ceiling on government investments. With the aim of providing more opportunities for the private sector, and continuing the implementation of the government proposals program within the framework of the state ownership document, in addition to providing a package of customs exemptions and tax incentives, aimed at simplifying bureaucratic procedures.
He indicated that Egypt is continuing its efforts; To develop the sectors of communications and information technology, manufacturing industries, and new and renewable energy, especially green hydrogen, in addition to continuing to implement giant infrastructure projects and developing the transport, communications and ports system in various parts of the country. In line with our ambitious plans and goals; To maximize the benefit of Egypt’s unique and strategic geographical location.
President Sisi reviewed the most ambitious Egyptian projects, especially the Suez Canal Economic Zone, which entails great investment opportunities. Whether in terms of the diverse industrial base it provides or export advantages to all regions of the world in light of Egypt’s membership in many agreements and regional free trade zones, which make Egypt the best path to access promising markets, especially in the African continent, which has become the continent of the future. In light of the economic and investment opportunities it possesses, and the youth density of about 65%, Of its residents.
President Sisi concluded his speech by expressing our sincerest wishes for this forum to produce tangible results. It contributes to enhancing investments and economic cooperation among the countries of the group, while giving investment in human resources the utmost importance, as it is a basic component and condition. To achieve development and renaissance in our country.
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