Egyptian Prime Minister Mostafa Madbouly travelled on Wednesday to the Senegalese capital, to attend the second Dakar Financing Summit for Africa’s Infrastructure.
Madbouly is heading an official delegation that includes the ministers of electricity, housing, and transport, as well as representatives of major Egyptian companies working in the field of infrastructure.
Madbouly will participate on behalf of Egypt’s President Abdel Fattah Al-Sisi, in the summit which will run on 2 and 3 February.
Ambassador Nader Saad, the Cabinet spokesperson, said that the Dakar Financing Summit focuses on ways to develop infrastructure in the African continent, which is in line with the policies of the Egyptian state, which is keen to strengthen development efforts in the continent.
Saad added that this summit will also be an important occasion to enhance the opportunities of the Egyptian private sector to participate in infrastructure projects in Africa.
It also gives Egypt a platform to offer investment opportunities to the international business community, especially in light of the participation of a group of representatives of development banks and international financial institutions.
He noted that the prime minister is scheduled to deliver Egypt’s speech on behalf of President Al-Sisi, and will also hold several bilateral meetings on the sidelines of the summit, which will be attended by several heads of state and government.
Mohamed Shaker, Minister of Electricity and Renewable Energy said that this summit comes in light of the infrastructure development program in Africa (PIDA) on the sidelines of the African Union Agenda 2063.
He stressed the keenness of all for an effective dialogue to define a common vision for achieving economic and social development for all countries of the African continent.
He also stressed that development depends mainly on infrastructure, as it represents the backbone and lifeline of all economic, social and political activities in civilized societies.
Shaker pointed out that the summit meetings aim to find solutions to face common challenges in the development of targeted sectors. It also emphasizes that supporting economic transformation and African regional integration is a priority to achieve the African Union’s Agenda 2063 and the Sustainable Development Goals( SDGs).
He stressed the role of international and regional institutions and development partners in supporting African initiatives.