Egyptian Foreign Ministry collaborated with the International Organization of La Francophonie (OIF) and launched a high-level economic forum in Cairo on Monday, February 6.

The OIF has dispatched an economic mission on a two-day visit to get first-hand information about opportunities to enhance joint cooperation with Egypt.

Addressing the inaugural session of the forum, Deputy Foreign Minister for African Affairs, Hamdi Loza affirmed Egypt’s commitment to supporting all OIF activities by enhancing cooperation and trade exchange, in addition to establishing new partnerships.

He noted that Cairo backs political and economic relations with all OIF members.

In his speech, Loza stated that Egypt is acting to seize all available economic opportunities, adding, “we are very happy to organize this edition of the forum and inaugurate the OIF regional office inside Cairo University.”

He further underlined the program’s goal to achieve sustainable development until 2030 in line with an African Union (AU) agenda, which focuses on the files of food security and renewable energy.

Loza praised opportunities offered by the Suez Canal Economic Zone (SCZone) to investors, also reminding them of a reform program implemented by the Egyptian government and positive indicators in this regard.

For his part, Henri Monceau, Director of the Economic and Digital Francophonie of the OIF, said the Organization is acting to help all investors wishing to support businesses in Egypt.

He shared that the Economic Francophonie includes chambers of industry and trade, as well as start-up companies and entrepreneurs (women and youth) in member states. Moreover, Monceau touched upon digitization and regional integration plans, stressing OIF support for establishing a free trade exchange zone.

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