Egypt in the industrial and trade conference gathering the Belt and Road initiative members
To complement Egypt’s accession to the convention, that involves the Belt and Road Initiative members, signed by President Abdel-Fatah El-Sisi and the Chinese president Xi Jinping to present the investment plans to the participating States, after the establishment of a supervisory committee, since the target of the trade between its members is 2.5 trillion in 10 years, Ambassador Ezzat Saad, Director of the Council, participated in the first round of the industrial and trade conference gathering the members of the Belt and Road initiative on the 1st and 2nd of April 2017.
This comes at a time when Beijing has formulated a new vision regarding the initiative. This vision included three links extending to Europe, Central Asia, Russia, Western Asia, the Gulf States and the Mediterranean region. The visit’s aim is to increase the number of member States to 65 States, 50 States having already joined.
The Conference included several meetings to explore the investment opportunities in Egypt, the Suez Canal’s economic territory, Egypt’s vision for 2030 and Egypt as a gateway to investment in Africa.
Several trade and economic delegations, ministers and officials, the heads of Egypt and the world’s largest corporations, financial institutions and banks attended the conference.