11 foreign official delegations are poised to take part in a high-profile investment conference hosted by Egypt, under the slogan, Global Alliances for Sustainable Businesses or “GASB” scheduled to kick-off next Thursday, January, 19, in Hurghada City resort of El Gouna, with the participation of the Minister of Emigration Amb. Soha Gendy, Governor of Red Sea province Gen. Amro Hanafi, together with over 400 businessmen, and nationals of 29 countries, to incentivize and attract foreign investments to Egypt across various sectors.
Christina Karim, COO l at Venture, organizer of the conference, said that foreign official delegations that confirmed their participation up to date include ambassadors, commercial attaché of Poland, Romania, Morocco, Saudi Arabia, Qatar, Libya, Russia, Sudan, Iraq, Paraguay, and Dominican Republic, together with several investors and representatives of business organizations and the private sector from 29 countries, including Romania and Sudan, as well as some members of Egypt’s House of Representatives and Egyptian businessmen across various industries.
GASB conference, to be held from 19 to 21 January, fits in the Egyptian state and its political leadership’s vision as regards the need to work hard to allure foreign investments to Egypt, she maintained.
Christina underscored the importance of promoting investment and commercial projects. “That is exactly what we, together with top companies and foreign investors, are focusing on across sectors as diverse as building materials industries, constructions, wood, marble, and iron.”
CEO at Venture, Lamiaa Ashour, said that the GASB conference seeks to induce governments and international business organizations to work together to face up to economic headwinds and forge tie-ups to rev up the sustainability of various economic industries in Egypt.
During the conference, bilateral meetings will be held between the Egyptian businessmen and their peers from foreign countries to seal commercial and investment partnerships that bolster the trade exchange between Egypt and these countries and open up new markets for Egyptian products in the global markets so as to carry out the state’s strategy of increasing the Egyptian exports to USD100bn per year, she noted.
The conference, she explained, sees some top economic entities providing their own sponsorships, including Modern Marble, acting as the main sponsor of the conference, Orascom Industrial Parks, Modern Construction, Abou El Houl, along with many strategic partners, including EGYPTAIR, Russian Egyptian Business Council and Egyptian African Businessmen Association.
According to the Managing Director at Modern Marble, Atef Gamal, the Egyptian market is one of the most important and grand markets in the region. He lauded the state’s orientation to pass and grant golden licenses to investors in just 3 months. He noted that this license will produce the helpful result of expediting the execution of ventures and bringing in more investments.