Egypt’s Sisi meets with WEF President, discusses bilateral ties and regional issues

CAIRO - 23 November 2024: President Abdel Fattah El-Sisi met today, on Saturday, with Børge Brende, President of the World Economic Forum, and his accompanying delegation, according to a statement released by the Egyptian Presidency.

During the meeting, President El-Sisi highlighted Egypt's ongoing development efforts, focusing on major projects in the infrastructure, industrial, and agricultural sectors, as well as the significant investment opportunities they offer.

President El-Sisi underscored the importance of continued collaboration and encouraged greater investment from the foreign private sector, particularly in Egypt’s priority sectors: industry, sustainable energy, communications, digital transformation, artificial intelligence, and transportation.

In response, Mr. Brende praised Egypt’s strides in economic reform and its efforts to attract investments, emphasizing the World Economic Forum's interest in showcasing Egypt's successful experience in these areas.

The meeting also addressed regional developments, where Mr. Brende was briefed on President El-Sisi’s vision for achieving peace and stability in the Middle East.

The President outlined the negative consequences of the ongoing conflicts in Gaza and Lebanon, stressing the risks of further escalation, particularly its impact on the global economy. 

He also highlighted the aspirations of the region’s peoples for development and prosperity. In this context, the President emphasized the urgent need for an immediate ceasefire and the commencement of a political process aimed at establishing an independent Palestinian state. 

President Sisi also stressed that such a process would be key to restoring stability in the region and advancing progress on the path to development.

The meeting was attended by Dr. Mostafa Madbouly, Prime Minister; Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation; Dr. Badr Abdelatty, Minister of Foreign Affairs, Immigration, and Egyptian Expatriates Affairs; and Eng. Hassan Al-Khatib, Minister of Investment and Foreign Trade.