CAIRO: Final day of the Egypt Economic Development Summit kicked off Sunday in Sharm el-Sheikh, with morning sessions including various ministers and industry leaders, and President Sisi is expected to deliver a closing speech at 12:30 p.m. Here are the live updates:
17: 50 – Mahlab: Production, not objection, should be Egyptians’ daily target
17:45 – Mahlab: Egypt air, the media, all Egyptians contributed to the success of the conference
17:42 – Mahlab: $12.5B deposits and investments pledged by gulf states will be used in development project
17:40 – Mahlab: We will create what will later be called “the Egyptian experience”
17: 39 – Mahlab: The stability of the region lies in that of Egypt
17: 37 – Mahlab: Agreements of $36.2B in investment have been signed and financed projects have reached $18.6B
17: 36 – Mahlab thanks Gulf States and Arab countries from supporting Egypt
17: 33 – Prime Minister Ibrahim Mahlab: We will purge our country from terrorism and will defend our religion
16:55- Sisi leaves Sharm el-Sheikh for Cairo, Mahlab meets with Cabinet in the resort
14:05- Sisi calls on Egyptians to work hard and never underestimate their power, concludes speech and poses for another photo with organizers.
14:00- Egyptians wanted change on Jan. 25 and June 30, and if Egyptians want change again, they will have it: Sisi
13:57- Sisi calls for an EEDC to be held annually, adding that Sharm el-Sheikh is beautiful, but it’s future is more so.
13:55- Sisi pays tribute to late King Abdullah of Saudi Arabia, who called for the EEDC, followed by applause from audience.
13:55- Sisi: Egypt needs $200-$300 billion to create real hope for its 90 million people.
13:52- Sisi: When someone stands by Egypt, we don’t forget his role.
13:50- Sisi says GE reduced $100 million from cost of its project.
13:50- Sisi thanks General Electric, says 13k mega watt should be pumped in the country’s electricity network in the coming period.
13:48- Sisi thanks Siemens for reducing the cost of its project.
13:45: Sisi: I remind people that Egypt is waking up now, has to quiet those interrupting with shouts of “Long Live Egypt”
13:37- President Sisi takes the stage, receives thunderous applause when he greets the crowd with “Long Live Egypt,” conference organizers flood the stage to take selfies with the President
11:50- Communication Minister Khaled Negm: we have established centers for innovation in most universities
11:30 – Wali: we need to train youth on entrepreneurship especially at University. We are aware of the challenges, and we know where we are heading.
11:15- Aramex Founder and Vice Chairman Fadi Ghandour: private sector needs to be included in developmental process and the education system in Egypt.
11:12- Naseej Chairman Khalid Abdulla Janahi: Egypt is on the right path, and sustainable development comes through stability, not vice versa.
11:00- Wali: The government realized that most of the subsidies go to the rich, and our role is to support the poor