On the sidelines of Africa 2019: Investment for Africa Forum which hold under the high patronage of H.E. Abdel Fattah Al Sisi, President of the Arab Republic of Egypt in the New Administrative Capital; President Al Sisi chaired a high-profile Presidential roundtable session entitled “Enhancing competitiveness and the role of the private sector in development in Africa”. This was in the presence and participation of Eng. Mohsen Salah – CEO and Chairman of the Arab Contractors Company one of the biggest Egyptian Company works in the African Continent, prominent international, African and Egyptian representatives of the private sector and leaders of international financial institutions, the ministers, Eng. Ibrahim Mabrouk – Head of Africa Sector in the Arab Contractors Company and Eng. Amany Khodeir – Manager of the Technical Follow-Up for Africa Sector in AC.
Dr. Mostafa Madbouly – the Prime Minister inaugurated the forum on behalf of President Al Sisi, the Ministry of Investment and International Cooperation in cooperation with the Ministry of Foreign Affairs and the Ministry of Trade and Industry organized the fourth edition of “Africa 2019: Investment for Africa Forum”. The forum was in the presence of Dr. Ali Abdel Aal - Speaker of the House of Representatives, huge number of the ministers, statesmen, businessmen and Arab and African investors.
During his speech in the closing session, Dr. Mostafa Madbouly thanked the organizers and all the participants in the forum sessions for their prosperous discussions in relation to our developmental and reforming programs and the participation of the international institutions and the private sector in its achievement. He said that the discussion concentrated on the investment in the infrastructure and linked this with the digital transformation; the findings are as follows:
First: Inviting the international financial institutions and the investment funds to finance the infrastructure projects of roads networks, airports, ports, railways and power.
Second: The international institutions should provide a package of new financing tools for the African integration projects.
Third: The importance of continuing the policies of economic reform, develop the investment climate to attract more direct foreign investments for the continent.
Fourth: Encouraging the private sector to benefit from the huge development capabilities of the African countries and providing more business opportunities for youth.
Fifth: Boosting the initiatives of the digital transformation in accordance with the information technology revolution and providing the new services related to the national economy.
Sixth: Continuation of financing the investing in human capital: health, education, skills enrichment, development of youth capacity and mobilize their potentials.
Seventh: Deepening the local industrialization of the African countries, increasing industrial linkages and value chains.
Eighth: Promote and encourage women to enter the labor market; besides assisting her in establishing productive projects and obtaining fair share of education and employment opportunities.
At the end of his speech Dr. Mostafa Madbouly expressed that he is looking forward to see the participants in the next year edition of the forum with a strong determination to promote common African action and transfer the findings of the forum into reality; aiming at realizing the hopes and aspirations of the nations towards the dream of a developing, prosperous and independent Africa.