Egypt, AAEC discuss joint cooperation

CAIRO – 5 May 2018: Public Enterprise Minister Khaled Badaway received on Saturday a delegation from the Afro Asian Economic Council (AAEC) to discuss joint cooperation.

The delegation reviewed the investment opportunities available for the ministry’s affiliated companies to take part in the construction of Kuwait’s Madinat al-Hareer (Silk City) as well as their participation in the international conference and fair on the project in March 2019.

Badway praised the strong relations between Egypt and Kuwait, expressing the keenness to boost economic and trade relations with Kuwait.

The Afro-Asian Economic Council (AAEC) was founded in 2017, as an economic, non- governmental, and independent legal personality council that aims to develop the African and Asian investment relations in different economic aspects and activities.

The foundation of the council was initiated in the response of business growing associated with the green economy, the environment, the future energy, and the telecommunications and information technology witnessed in the financial and business sector around the globe in general and the African and Asian continents in particular.

The council aims to support and revive the economies of African countries overlooking the Mediterranean, turning them into developmental economic centers that attract Asian and international investments, acting at the gate of the world to invest in Africa, according to AAEC’s website.