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Letter Fromcairo Bi-Monthly Perioidical/First Edition/ April 15, 2015 letter fromCairo Bi-monthly Perioidical/First Edition/ April 15, 2015 World Supports Egypt in EEDC Over $60 billion investments, Modern administrative capital to ease pressure on Cairo Distinctive African participation 1 Letter From Cairo -First Edition/ April 2015 First Edition/ April 15, 2015 "Special Edition" Letter from Cairo A Bi-Monthly Periodical issued in Editorial different languages on the current political, economic, and cultural developments in Egypt In Sharm el-Sheikh drums beating for diligence Issued by Foreign Information Sector State Information Service It is a good omen that the first issue of« Letter from Cairo» Arab Republic of Egypt coincides with the general climate of optimism felt on all levels in Egypt as a direct result of the success of the «Egyptian Economic Development Conference .. Egypt the Future» held in Sharm el- Sheikh under the auspices of President Abdel-Fattah El-Sisi during the period from 13-15 March 2015. Inspired by the huge success of the EEDC, the issue is fully dedicated to celebrating the various Board Chairman Ambassador facets of the success and excellence of the conference which was achieved against the ill-wishes of hostile forces. The EEDC success Salah Abdel Sadek indicators are manifested in the numerous projects agreed upon during the conference which will put Egypt on the threshold of a Editor-in-Chief .new stage of reconstruction and development The successful organization and high-level participation of Abdel Moati Abu Zeid world leaders and top financial institutions is a slap on the face of some international forces which hate to witness Egypt›s re- turn to practice its historic regional and international role. The Deputy Editor-in-Chief new Egypt was portrayed through the lens of the conference as a role model for civilization, moderation, tolerance, security and Hossam Amin humane values. The participation of political heavy weights and economic blocs in the conference reiterated that Egypt sill en- joys international support despite the prevailing tension in the Executive Editor Middle East region which had repercussions on the economies .of some neighboring countries Manal El Shabrawi On the political level, the conference participants fall into a dis- tinguished strata including the United States, the European Union Editors and its different affiliated organizations and prominent financial- in Nashwa Abdel Hamid stitutions, not to mention high-level Arab, African and Asian kings, heads of state, ministers and delegations. Such participation is a Mostafa Ahmady testimony to the security of Egypt and popular support of its lead- .ership Layout The EEDC highlighted Egypt›s investment map worldwide, including such ambitious projects as the new Suez Canal and Nesreen Ahmed the new administrative capital which require financial and in- vestment support. The conference proved a success in exhib- iting Egypt›s unique economy and strong political will to the world as evidenced by the issuing of new investment law and the introduction of tax and legislative amendments to ease re- .strictions imposed on investors In the same vein came President Sisi closing remarks that this conference will not be the last but will provide the kick-start need- SIS Website: http://sis.gov.eg ed to embark on building the new Egypt, cooperate with interna- tional partners and attract aspired-for investments amounting to Email: [email protected] .50 billion dollars annually Address:2 2 Estad el-Bahary St, Nasr City The Political File Egypt Economic Development Conference Egypt the Future .. Hosts the World in Sharm El-Sheikh With A Widely Distinctive Participation Of World Leaders And Top Investors And Compa- nies, Sharm El-Sheikh Hosted The Egypt Economic Development Conference( Eedc) On 13-15 March 2015, Which Sought To Attract Regional And Foreign Investments Within The Frame- work Of Deeply-Rooted Relations Binding Egypt And Its Development Partners And Affirm Egypt›S Position As An Attractive Investors› Hub On The Global Investment Map. The Conference Is A Key Milestone Of The Affirmed Its Potential As A Source Of Polit- Government’s Medium-Term Economic De- ical And Economic Stability In The Region velopment Plan, Which Is Designed To Bring And A Trusted Partner On The International Prosperity And Improved Social Services Stage. His Excellency President Abdel-Fattah To The People Of Egypt. Attracting Lead- El-Sisi Described The Eedc As «Egypt›S ing Global Figures From Business And Pol- Arm» To Fulfill Its Quest For Reform And itics, The Eedc Highlighted The Extensive Development. Reforms The Government Has Already Im- The Huge And High-Level Participation plemented And Showcased Future Reforms Of Foreign States And International Organ- Designed To Restore Fiscal Stability, Drive izations In This Conference Attests To Inter- Growth And Attract Investment With The national Interest As Participants From All Overarching Aim Of Improving The Welfare Over The World Were Given The Opportun- Of The Egyptian People. ity To Convene And Discuss A Wide Array Of The Conference Also Presented Investment Issues Of Common Interest Amongst Them. Opportunities To Domestic And International The Eedc Has Allowed The Forging Of Posi- Investors Across Key Sectors, Repositioned tive Relations Between Egypt›S Regional Egypt On The Global Investment Map And And International Partners. More Than 86 3 Letter From Cairo -First Edition/ April 2015 President Abdel Fattah El Sisi King Abdullah II of Jordan, and Palestinian President Mahmoud Abbas. Speakers Representing International Organ- Desalegn, Italian Prime Minister Matteo Renzi izations And Economic Heavy Weight S Ad- and Deputy Prime Minister of Portugal Pedro dressed The Eedc. Passos Coelho were among the conference at- The total number of participating states tendees. On the ministerial level, US Secretary amounts to 89 states through varying levels of State John Kerry along with UK Secretary of diplomatic representation in addition to of State for Foreign Affairs Philip Hammond, 23 regional and international organizations. Norwegian Minister of Foreign Affairs, Ital- Amongst participating heads of state are King ian Finance Minister, Chinese Trade Minister, Abdullah II of Jordan, King Hamad bin Isa Al French Finance Minister, Spanish Minister Khalifa of Bahrain, Emir of Kuwait Sabah Al- of Industry, Energy and Tourism, Malawi Ahmad Al-Jaber Al-Sabah, President of the Minister of Industry and trade, South Sudan Republic of Senegal Macky Sall, President of Minister of Finance, Ministers of State for Somalia Hassan Sheikh Mohamoud, President Foreign Affairs in Germany and Singapore as of the Comoro Islands Ikililou Dhoinine, well as Speaker of the Council of Representa- President of Togo Faure Essozimna Gnassing- tives of Iraq Salim al-Jabouri also attended bé, President of the Republic of Gambia Yahya the conference. Jammeh, President of the Republic of Zambia Ambassadors of 37 states in Cairo repre- Edgar Lungu, President of Equatorial Guinea sented their countries at the EEDC, namely: Teodoro Obiang, President of the Republic of the Republics of Sierra Leone, Ghana, Guin- Cyprus Nicos Anastasiades, President of the ea, Guinea-Bissau, Kenya, Malawi, Mada- Republic of Mali Ibrahim Boubacar Keïta and gascar, Niger, Angola, Uganda, Benin, Bot- Palestinian President Mahmoud Abbas. swana, Burundi, South Africa, Cabo Verde, On the vice-president level, Crown Prince of Seychelles, Cameroun, Liberia, Namibia, Saudi Arabia Muqrin bin Abdulaziz , Sheikh Côte d’Ivoire, Mozambique, Slovenia, Malta, Mohammed bin Rashid Al Maktoum, Vice Hungary and Austria as well as The Demo- President and Prime Minister of the United cratic Republic of the Congo, The Kingdom Arab Emirates and Ruler of Duba and Vice of Lesotho, Central Africa, Burkina Faso, The President of Tanzania Mohamed Gharib Bilal United Republic of Tanzania, The Gabonese attended the conference. On the prime-minis- Republic, Slovakia and the Republic of the ter level, Lebanese Prime Minister Tammam Union of Myanmar. Salam, Libyan Prime Minister Abdullah al- The participating international organiza- Thani, Algerian Prime Minister Abdelmalek tions and financial institutions, whose number Sellal, Ethiopian Prime Minister Hailemariam amounts to 23, include the European Union, 4 Letter From Cairo -First Edition/ April 2015 The UN Food and Agri- Sisi: nvestment in Egypt is safe Egypt took on all tracks culture Organization, to achieve just and bal- The World Bank, Inter- anced growth and create national Monetary Fund, The Arab League, a modern state that would set an example in African Development Bank, European In- the Arab and Islamic civilization for a state vestment Bank, European Bank for Recon- that discards violence, extremism and terror- struction and Development, European Com- ism, a state that enhances regional security mission, Union for the Mediterranean, The and stability and respects its neighbors, a state United Nations Development Program, The that defends and never attacks, a state that re- United Nations Industrial Development Or- spects the other and believes that difference is ganization (UNIDO), Kuwait Fund For Arab a tool for enriching human civilization. Economic Development, The Arab Monetary Sisi told the conference that Egypt has al- Fund (AMF) and The Arab Fund for Econom- ways been and will always be the first line of ic and Social Development (AFESD). defense in the region, highlighting the Egyp- tian people commitment to preserving their Messages of the EEDC identity and understanding
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