The Egypt Economic Development Conference
From 13-15 March, Egypt will host the Egypt Economic Development Conference (EEDC) in Sharm El-Sheikh, a key milestone of the government’s economic strategy that will bring prosperity and improved social services to the Egyptian people. The EEDC will highlight the extensive reforms the government has already implemented and showcase future reforms and investment opportunities designed to restore fiscal stability, drive growth, attract investment and improve the welfare of the Egyptian people.
- Egypt to present 50 different investment projects worth a total of $35 billion.
- Egypt aims to attract $10-$15 billion in total investments.
- CEOs, business and political leaders attending include: U.S. Secretary of State John Kerry; Managing Director of the International Monetary Fund Christine Lagarde; World Bank Managing Director Sri Mulyani Indrawati and Vice President, Middle East and North Africa Gerard Byam; General Electric Chairman and CEO Jeff Immelt; Chair of President Barack Obama’s Global Development Council Mohamed El-Erian; and former U.S. White House Budget Director and Vice Chairman of Citigroup’s Corporate and Investment Banking Peter Orszag.
- The three day conference has six objectives:
- Present a clear and ambitious vision for a prosperous future Egypt and its people.
- Firmly position Egypt as an attractive destination on the global investment map.
- Detail the government’s economic vision and midterm reform program.
- Layout the strategies for invigorating the key economic sectors.
- Working with partners, develop the infrastructure to enable the economic growth program.
- Present attractive opportunities to local, regional and global investors.
Political stability is driving the economy’s steady recovery. Good governance and institutional certainty is bolstering investor confidence as shown by the consistent uptick in real economic growth rates over the last eighteen months.
Egypt’s Growing Economy: By The Numbers