CAIRO: Sixty countries will participate in the upcoming upcoming Egypt Economic Development Conference scheduled to take place in Sharm el-Sheikh March 13-15, Foreign Ministry’s spokesman Badr Abdel Atty announced Monday.
Egypt hopes the long-awaited economic conference would lure fresh investments to boost its limping economy battered by political turmoil since the January 25 Revolution.
Russia and the U.S have also confirmed their high-level participation in the conference, said the spokesperson, adding that the ministry is conducting intensive communication with the European Union and member states, urging them to attend the conference.
Around 14 Egyptian investment banks in coordination with the French Lazard investment bank are also promoting economic projects that Egypt intends to offer during the summit.
China’s Trade Minister assured Egypt’s Foreign Affairs Ministry Sameh Shokry during his last visit to Beijing, that he would head a high-ranking official delegation at the economic summit, the statement read.
Speaking at a business conference in Dubai Monday, Minister of Investment Ashraf Salman said, “Around 1,100 Arab and foreign investors from a total of 6,000 investors invited to the conference have confirmed their participation,” adding that he expects approximately 2,000 investors to attend.