The Administrative Capital will host the first Egyptian-Nigerian Economic Forum next May

The Egyptian-African Businessmen ‘Association, in collaboration with the Embassy of Nigeria, will hold the first Egyptian-Nigerian Economic Forum and Conference in the new administrative capital from 22 to 25 May, with the participation of 160 Nigerian companies and 150 Egyptian companies. .

The conference aims to support and enhance joint cooperation in the private sector between the two countries, to seek opportunities and strategic export trade and investment prospects between the two parties, and African-African cooperation between the Egyptian-Nigerian relations and the rest of the African countries from the perspective of the private sector.

The conference is organized by: the Egyptian-African Businessmen ‘Association (EABA) and the Nigerian-Egyptian Association for Culture and Social Economy (NECSEF), with high-level government sponsorship from both sides and a large number of the financial and business community in the two countries.

In turn, the Nigerian Ambassador, Naura Aya Remy, announced in Cairo that he would make intensive contact with the Nigerian government, the Egyptian side, and at all levels so that the conference achieves its goals, emphasizing the support of the President of the Republic of Nigeria, and the President of Egypt, President Abdel Fattah El-Sisi, for the joint cooperation between the two countries at all levels and levels. .

He reaffirmed the participation of the Ministry of Trade and Industry in Nigeria, the Nigerian Export Development Center, and Agricultural Project Support Centers, in the conference, pointing out that an exhibition would be held on the sidelines of the forum, explaining that the third day of the conference will be for bilateral meetings between businessmen of the two countries.

He explained that the conference is scheduled to be attended by 160 Nigerian businessmen in more than 13 economic sectors, such as mining, industry, real estate, construction, agriculture, health, energy and water resources.

Point out that all these sectors carry the interests of the financial and business community, and the Nigerian private sector community, and emphasize that what Egypt has achieved in the file of economic reform has attracted all businessmen from all countries.

The conference was set up to bring together a number of African governments, trade leaders, entrepreneurs, African industry giants, representatives of trade organizations and top-level African media.

The Nigerian ambassador pointed out that the Egyptian-Nigerian cooperation in the private sector file is an extension of what was signed in the Arab Republic of Egypt with a joint cooperation agreement held between the Egyptian-African Businessmen’s Association under the leadership of Dr. He is considered as one of the most important Nigerian businessmen.

Nigerian Ambassador: We are working to increase trade between the two countries from $ 181 million to $ 1 billion in the coming period

Mr. Bashir, the commercial attaché of the Embassy of Nigeria, referred to the strong presence of the Egyptian economy in the Nigerian market, and stressed the importance of economic cooperation between the two countries.

He also praised the industrial, technical and human capabilities of Egypt and Nigeria, saying: “It is time for us to enter a leading and new phase of bilateral economic relations, and to appropriate the economic energy available in the two countries. to use. “

He added that Egyptian-Nigerian relations had expanded since the early 1960s, emphasizing that trade between Egypt and Nigeria had grown significantly, reaching $ 181 million last year. He added: “The two countries are trying to improve joint cooperation as they are among the major economies of the continent.”

For his part, dr. Yousry El-Sharqawy, head of the Egyptian-African Businessmen’s Association, said the forthcoming economic conference next May is the first of joint cooperation with most African countries.

By pointing out that the association carries an excellent copy of the elite of the Egyptian financial and business community, from the private sector, in 22 committees, and pointing out that the members of the association are trying to pave the way to the African continent rediscovered, and the serious attempts to enter the depths of the African continent,

Emphasizes that Nigeria is one of the most important countries and stations with which to have fruitful and genuine cooperation, and points out that Nigeria and Egypt have a population of almost one third of the population of the African continent,

He explained that the GDP of the two countries is more than 30% of the GDP of the countries of the continent, and emphasized that there are large and diverse markets between the two countries, and a region in Central West Africa, who is the eminent Nigerian. environment, noting that all of these indicators need to be taken into account to support private sector accession and encouragement.

Al-Sharqawi said it was necessary to support the Egyptian-African Businessmen’s Association by entering the depths of the African continent. He urged Egyptian businessmen to unite and unite in this entity; So that we can address the African business community in most African countries in an organized, coordinated and well-formed way,

He explained the need for the Egyptian media to shed light on such important conferences, which will be held next May in the New Administrative Capital at the Al-Massa Hotel.

He added that the general atmosphere between the two countries has become available at the moment to increase the volume of trade exchanges and achieve real investment, pointing out that the existence of a free trade agreement between the two countries, and the real desire of the Egyptian and Nigerian businessmen will make a difference in the level of cooperation and achieve positive results during the coming period.

Al-Sharqawi explained that the forthcoming forum came as a result of the signing of an agreement and a co-operation protocol between the Egyptian-African Businessmen’s Association and the Nigerian-Egyptian Association for Culture and Social Economy, led by Haji Mahmoud Ahmed, President of the Nigerian Gulf Chamber, emphasizing that the co-operation protocol was held in November 2021.

He indicated that all friendly associations, all entities, business organizations and the business community would participate in the Great Economic Forum, and explained that the invitation would be addressed to the head of the Egyptian government. Until you sponsor this event,

And to the Egyptian Minister of Trade and Industry, and coordination with all parties so that we can unite the private sector in such an important conference, with the participation of more than 150 Egyptian businessmen, in front of their counterparts in Nigerian society during their visit to the Arab Republic of Egypt so that we can come up with a good work worthy of the purpose of this event.

Al-Sharqawi took note of his hopes that the next conference would take place next May with unparalleled success, pointing out that the program of the Nigerian delegation will hold an extensive conference on the first day that will begin with the opening remarks of the large government representation between the two countries.

This was followed by several meetings to explain the trade and investment opportunities between the two countries, whether at the level of the government sector or the private sector, followed by an open discussion session with the symbols of the Egyptian-Nigerian business community,

He stressed that several bilateral meetings would be held on the second day between the delegations of the two countries, and an exhibition of some Egyptian-Nigerian companies and products would be held during the conference.

He added: The third day of the conference is scheduled for visits to some industrial zones in the Arab Republic of Egypt, some investment projects and the economic zone of the Suez Canal. In order to familiarize the Nigerian side closely with what Egypt has achieved in the economic zone project,

Al-Sharqawi also stressed that embracing the administrative capital of this conference is a dream come true for all the delegations coming from Nigeria, after we conveyed to them the initial preparation efforts for this conference by the Nigerian Ambassador to Cairo and the media for what is happening now on the land of Egypt, and explain that they want to see the dream that has been achieved on the land. Located inside Al Masa Hotel in the New Administrative Capital.
Dr. Yousry Al-Sharqawi emphasized that the investment conference will reveal many important points, and the participants will be able to learn about the available African investment opportunities and the challenges of African trade, as well as to communicate with prominent African businessmen and policymakers. .

Al-Sharqawi stressed that the coming period will show strong coordination between the two countries to increase joint investment and strengthen trade and investment relations between Egypt and Nigeria, confirming the achievement of the goals of the Egyptian-African Businessmen Association, by the support orientation. in Africa.

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