EEDC’s second day kicks off  
Prime minister Ibrahim Mahlab with steel manufacturing businessman in Egypt Ahmed Abou Hashima - YOUM7

CAIRO: The second day of the Egypt Economic Development Conference (EEDC) kicks off Saturday, and multiple sessions will be held with an overview of both local and private opportunities in Egypt’s investment climate.

The day’s events will start with Prime Minister Ibrahim Mahlab’s word on the Egypt’s economic reform plan, as well as the Governor of Central Bank of Egypt Hisham Ramez, Minister of Planning Ashraf el Araby and Minister of Finance Hany Kadry.

Nobel Laureate Professor Ahmed Zewail is also scheduled to give a speech during the day’s events.

According to the EEDC program, there will be five sector-level sessions convening in parallel, in which presentations will be given by Egypt’s ministers of petroleum, housing, communication, trade and industry and tourism.

Top leaders and chairmen of global companies will also participate in the sessions.

A session will be allocated for discussing the Suez Canal Development project, where investment opportunities will be presented by the Suez Canal Authority Chairman Mohab Mameesh, along with officials and private sector executives.

Also, Egypt’s plans to rely on various energy sources and achieve energy security will be presented during the day.

On Friday, President Abdel Fatah al-Sisi opened the long-awaited economic conference for development in the Sharm el-Sheikh city in South Sinai.

During the first day, Egypt received pledges for $12.5 in investment from Kuwait, Saudi Arabia, the United Arab Emirates, and Oman.

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