الرئيسية / اقتصاد / Egyptian businessmen engage in Burkina Faso Forum

Egyptian businessmen engage in Burkina Faso Forum

فريق رجال الأعمال اقتصاد 23 July 2025 12:59 PM
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Egyptian businessmen engage in Burkina Faso Forum

Minister of Foreign Affairs and Immigration, Badr Abdelatty, on Tuesday opened the Egyptian-Burkinabe Business Forum in Ouagadougou, aiming to boost economic ties and foster joint projects.

The forum, held at the Burkinabe Chamber of Commerce, saw high-level participation from business leaders of both nations, including Burkinabe Foreign Minister Karamoko Jean-Marie Traoré and Roland Sou, president of the Burkinabe Chamber of Commerce and Industry.

A delegation of 30 Egyptian business leaders, representing major companies across various sectors, attended the event. The delegation was led by Dr. Sherif El-Gabaly, chairman of the African Cooperation Committee at the Federation of Egyptian Industries. Other key participants included Dr. Mohey Hafez, head of the Export Council for Medical Industries, and Maj. Gen. Hazem Ahmed Yehia, assistant director of the Future of Egypt for Sustainable Development Agency, along with representatives from the Egyptian Exporters Association, the Egyptian General Petroleum Corporation, and the Mineral Resources Authority.

The forum facilitated meetings between Egyptian and Burkinabe companies, leading to discussions on potential partnerships and joint ventures in agriculture, pharmaceuticals, infrastructure, mining, manufacturing, and new and renewable energy.

In his address, Abdelatty stressed the forum's objective to open direct communication channels between the business communities. He urged private sector participants to leverage investment opportunities in both countries, advocating for partnerships built on trust, sustainability, and mutual benefit. He highlighted the deep, historic fraternal relations between Egypt and Burkina Faso, which have seen significant political, economic, and developmental advancements.

Dr. Abdelatty lauded the forum as a demonstration of shared political will to strengthen economic, commercial, and investment cooperation. He underscored that enhanced private sector collaboration is crucial for job creation, increased production, and building resilient economies capable of confronting challenges.

The Minister also pointed to the promising potential of the Burkinabe market in agriculture, energy, mining, and infrastructure. He contrasted this with Egypt's extensive expertise in pharmaceuticals, construction, renewable energy, information technology, and technical education, suggesting a fertile ground for successful partnerships and knowledge exchange to support development efforts in both countries.

Abdelatty further detailed Egypt's achievements in infrastructure and services, noting that Egyptian exports annually exceed $44.5 billion, with $6.5 billion directed to African markets. He attributed this to progress in local manufacturing, supported by over $500 billion in infrastructure investments since 2014, including improvements in roads, ports, railways, and new cities, which he described as a cornerstone for boosting economic cooperation with fellow African nations.

Concluding his speech, Dr. Abdelatty stated that the forum serves as a platform to embody the shared commitment to an economic future based on continental integration and confidence in Africa's inherent capabilities. He expressed hope that the forum's outcomes would propel the partnership between the two countries towards greater cooperation, development, and prosperity.