CAIRO: Eighty countries will participate in the upcoming Egypt Economic Development Conference (EEDC) scheduled to take place in Sharm el-Sheikh March 13-15, Foreign Ministry’s spokesman Badr Abdel Atty announced Sunday.
Egypt plans to promote 60 projects at the long-awaited economic conference, with the aim of luring fresh investments to boost its limping economy.
Around 80 states worldwide and 23 regional and global organizations have confirmed high-level participation in the conference, Abdel Atty added, noting an “expected high turnout from global and multinational companies.”
The European Union, International Telecommunication Union, FAO and COMESA block, as well as global financial institutions such as the World Bank, International Monetary Fund, European Investment Bank and European Bank for Reconstruction and Development have confirmed their attendance at the much-publicized conference, Abdel Atty said.
Russia and the U.S. have also confirmed their high-level participation in the conference and 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, according to a statement issued last week.
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.