AIIB annual meetings kick off in Sharm el-Sheikh Monday

CAIRO - 25 September 2023: The 8th annual AIIB meetings kicked off in Sharm el-Sheikh city Monday under the auspices of Egypt’s President Abdel Fattah El Sisi.

It aims to highlight the role of international partners in financing development objectives in emerging and African countries, particularly countries that were negatively affected by the high cost of finance in international markets.

President Abdel Fatah al-Sisi expressed his happiness that Sharm el-Sheikh is hosting the meetings, as the meetings were held virtually over the past three years. 

"We value and support the private sector, which is an important partner in development," he said during the meeting.