Under the auspices of President Abdel Fattah El Sisi, Investment and International Cooperation Ministry in cooperation with the Ministries of Foreign Affairs, Trade and Industry organized the two-day ‘Invest in Africa 2019’ conference, which is set to be held in the New Administrative Capital on November 22-23, 2019.

Several heads of states and governments, ministers and some 200 representatives of Egypt’s development partners, as well as businessmen and investors from around the world, are scheduled to attend the conference to stimulate investment in Africa.

Egypt is looking to spur investments within the African continent, as it exerts efforts to arrange for the anticipated Invest in Africa 2019 conference.

Conference Preparations

She said that this year’s conference is being held under the chairmanship of President Abdel Fattah El Sisi as the president of the African Union, making it a viable platform to mobilize international institutions and the private sector to investing in the continent.

Nasr added that the conference will also include sessions focusing on the role of women, young entrepreneurs, renewable energy projects and information technologies.

Nasr said that the government is preparing to launch 497 new projects in the investment areas in Daqahlia , Qalyubiya and Giza, as part of its plan to establish 13 new investment zones in seven governorates, including 2,828 projects which would contribute to the creation of roughly 500,000 jobs.

Madbouly, for his part, stressed the importance of highlighting Egypt’s role as Africa’s greatest investment destination.

He said this would show available investment opportunities, contributing towards achieving sustainable and inclusive growth that will provide millions of jobs, utilize natural resources and implement major projects.