Egypt hosted a three-day economic conference to promote investment in the Red Sea resort Sharm el-Sheikh. Egypt hosted a three-day economic conference to promote investment in the Red Sea resort Sharm el-Sheikh.

Egypt to support Eritrea via its Partnership Agency for Development

Eritrea’s Foreign Minister Osman Saleh, met with Egyptian Prime Minister Ibrahim Mahlab on the sidelines of Egypt Economic Development Conference (EEDC) in Sharm el Sheikh on Sunday.

The conference is one of Egypt’s key events to attract overseas investment to rebuild an economy struggling to recover from years of political unrest.

Both Ministers discussed promoting bilateral relations and trade between Eritrea and Egypt during the three-day economic conference in the Red Sea resort town of Sharm el-Sheikh.

Egypt’s Prime Minister said that Egypt is ready to support Eritrea via the Egyptian Partnership Agency for Development.

The Agency started its work in July 2014 and focuses largely on the support of major developmental projects in Africa and other developing states in fields of communication, transport, information technology, health services, agriculture and energy.

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Eritrea’s Foreign Minister praised the Economic Development Conference as success and asserted that Egypt has restored its leading role in the region, Africa and the whole world.

The Minister also delivered Eritrean president’s greetings to the Egyptian president, adding that his country is supporting Egypt in its war against terrorism, according to Egypt’s Ministry of Foreign Affairs.

Egypt signed investment deals worth more than $138 billion on the first two days of the conference, while its Arab Gulf neighbors—Saudi Arabia, Kuwait and the United Arab Emirates—pledged another $12 billion to help stabilize its economy, according to the Wall Street Journal.

By Editorial Team

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