Economic Development Conference will return Egypt to growth track

Dr Sultan bin Ahmed Al Jaber, Minister of State, and Chairman of Coordination Office of UAE-funded Development Projects in Egypt, said on Saturday that the three-day Egypt Economic Development Conference (EEDC) will launch an integrated programme for development in Egypt and provide an important milestone in efforts aimed at returning the Egyptian economy to track of sustainable growth by placing Egypt on the world investment map as an attractive destination for regional and international investors. Al Jaber stated that the EEDC (Egypt the Future) will provide a fitting platform where world investment and finance community will get an insightful overview on steps Egypt is taking to introduce real economic reforms.
Al Jaber was speaking at a press conference held by Egyptian Prime Minister Ibrahim Mahlab to unveil arrangements for holding the conference in Sharm El-Sheikh on the 13-15th March 2015. Present also was Saudi Finance Minister Ibrahim al-Assaf. Mahlab said that he had met with Emirati and Saudi partners to coordinate efforts in that regards.
The UAE minister explained that the late king of Saudi Arabia Abdullah bin Abdul Aziz was the first to call for this conference and the UAE was immediately and directly supported the initiative.
The event website says the conference is a key milestone of the government’s medium term economic development plan, which is designed to bring prosperity and improved social services to the people of Egypt.
Attracting leading global figures from business and politics, the EEDC will highlight the extensive reforms the government has already implemented and showcase future reforms designed to restore fiscal stability, drive growth and attract investment with the overarching aim of improving the welfare of the Egyptian people.
The conference will also present investment opportunities to domestic and international investors across key sectors.
The EEDC will reposition Egypt on the global investment map and affirm its potential as a source of political and economic stability in the region and a trusted partner on the international stage.
Source: WAM