Egyptian-Malian Business Forum pushes for economic partnerships with Mali during FM's visit
The forum was attended by a high-level Malian delegation, including Foreign Minister Abdoulaye Diop and Minister of Industry and Commerce Moussa Al-Hassan Diallo, as well as a large Egyptian business delegation of 30 company heads and representatives.
The Egyptian delegation included representatives from the Federation of Egyptian Industries, the Export Council for Medical Industries, the Future of Egypt for Sustainable Development Agency, the Egyptian Exporters Association, the Egyptian General Petroleum Corporation, and the Mineral Resources Authority.
In his opening remarks, Abdelatty said the Egyptian-Malian Business Forum represented a 'new and important station' in strengthening economic ties and opened 'unprecedented horizons' for the private sectors in both countries to develop partnerships. He said the event was a key step in institutional cooperation, with work underway to establish an Egyptian-Malian business council.
Abdelatty expressed Egypt's serious desire to expand its investments in Mali, especially in priority sectors for the Malian government such as textiles, wood, and pharmaceuticals, in line with Mali's national development plans, including its 'Mali Kura 2063' vision.
He highlighted that Egypt possesses extensive experience in implementing strategic projects in infrastructure, agriculture, energy, and communications.
For his part, Malian Minister of Industry and Commerce Moussa Al-Hassan Diallo said his government places 'special importance' on cooperation with Egypt and praised its experience in supporting development on the African continent.
He said Mali looks forward to benefiting from Egypt's expertise in infrastructure, manufacturing, pharmaceuticals, and energy, adding that the forum 'embodies the joint political will to elevate the level of economic and investment cooperation.'
Abdelatty also affirmed Egypt's security partnership with Mali, stressing the importance of a comprehensive approach that links security and development to achieve sustainable peace.
The forum is a key event in Abdelatty's multi-nation tour of West Africa, which is aimed at strengthening Egypt's political and economic ties with the region.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
See - Sada Elbalad
4 hours ago
- See - Sada Elbalad
SCZone Chief Lays Foundation for Two New Chinese Textile Projects Worth $55 Million
Taarek Refaat Walid Gamal El-Din, Chairman of the Suez Canal Economic Zone (SCZone) witnessed the groundbreaking ceremony for two new Chinese textile projects in the industrial developer 'TEDA–Egypt' zone in Ain Sokhna, marking a fresh wave of foreign investment into Egypt's manufacturing sector. The projects, with combined investments exceeding $55 million, are set to create hundreds of direct and indirect jobs, while strengthening Egypt's presence in global textile supply chains. The first project, led by Bridge-Tex, involves the construction of a fully integrated textile complex on a 40,000-square-meter plot. With an investment of over $25 million, the facility will house 18 spinning lines, more than 100 fabric production lines, and six printing and dyeing lines. Once fully operational, the plant is expected to produce 25 million meters of high-quality fabrics and 105,000 tons of fibers annually, generating around 500 direct jobs and 1,000 indirect jobs. The second project, developed by F-TEX International, will be built on 55,000 square meters with 60 production lines for drawn textured polyester yarn (DTY). The $30 million facility is projected to reach full operational capacity by late 2027, with an annual production target of 130,000 tons and 400 direct jobs, contributing an estimated $150 million in annual export revenues. Gamal El-Din emphasized that these projects reflect growing international investor confidence in the SCZONE and the success of the partnership with TEDA–Egypt. He highlighted ongoing talks with Chinese partners to allocate an additional 10 km² for industrial development, following the near-completion of earlier expansion phases. 'These projects will not only add significant value to the local economy and create jobs, but also enhance Egypt's industrial integration and global supply chain competitiveness,' Gamal El-Din said, noting that SCZONE attracted $8.6 billion in investments across 297 projects over the past three years, including $4.4 billion in the last fiscal year alone. Representatives from both companies highlighted the export-oriented nature of the projects, with 80% of output destined for U.S. and European markets. Bridge-Tex expects annual sales of $120 million, with $100 million in foreign currency inflows, while F-TEX executives framed the project as a symbol of Sino-Egyptian textile cooperation, combining Chinese technology with Egyptian labor to achieve sustainable growth. The two projects are expected to boost Egypt's textile exports, potentially helping the country surpass $10 billion in annual textile export revenues, according to company statements. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani Sports Get to Know 2025 WWE Evolution Results
Economic Key
6 hours ago
- Economic Key
MINI Unveils the All-New 2025 Cooper Convertible in the Egyptian Market
Global Auto, the official importer of MINI in Egypt, has announced the launch of the all-new MINI Cooper Convertible, marking the completion of the current MINI model lineup in the Egyptian market. The fourth and final model to be introduced in Egypt from the New MINI Family offers an exhilarating open-top driving experience combined with the British brand's legendary iconic design and cutting-edge technology. The New MINI Cooper Convertible's unmistakable design language stays true to MINI's DNA. Looking instantly recognizable, the new drop-top model features a fresh face with revamped front and rear bumpers, a redesigned high-gloss black octagonal grille, circular LED headlights with extended contents, and new 17-inch JCW alloy wheels. Only available in the sporty John Cooper Works (JCW) trim, the 2026 MINI Cooper Convertible also features black sports stripes on the bonnet, black brake calipers adorned with the JCW logo, mirror caps in black accents, and a new rear diffuser. One of the standout features of the 2026 MINI Cooper Convertible is its sophisticated folding roof. The MINI Yours Softtop can retract either partially (like a sunroof) or fully in just 18 seconds—even while driving at speeds up to 30 km/h. When fully retracted, the soft top folds compactly and neatly behind the rear seats, ensuring maximum enjoyment without compromising style or space. Stepping inside the new MINI Cooper Convertible, drivers will be greeted by a sleek, minimalist interior that pays homage to the classic MINI while integrating the cutting-edge technology found across the modern MINI lineup. The dashboard sports a centrally-mounted 9.4-inch circular OLED display with MINI's signature 'Always Open Timer' to track every minute of open-air driving experience, the configurable six Mini Experience Modes, and a modern head-up display (HUD). Other interior highlights include distinctive John Cooper Works interior styling elements, dual-zone climate control, Vescin/cord combination upholstery in John Cooper Works black, a heated JCW steering wheel, power-adjustable JCW sports seats, a driver's 'Active' seat which is equipped with massage feature, wireless charging, and a 12-speaker Harman Kardon Surround Sound System that delivers 365 watts, just to name a few. With an adaptive suspension featuring a frequency-selective damping system, the new drop-top MINI delivers exceptional everyday driving comfort, while the wider tires amplify its signature go-kart feel and agile handling In terms of safety, the 2026 MINI Cooper Convertible comes with a long list of safety and driver-assistance features, including front, side airbags, the 'Active Guard' suite, Dynamic Brake Control (DBC), Dynamic Stability Control (DSC), Dynamic Traction Control (DTC), Tire Pressure Monitoring System (TPMS), run-flat tires, brake energy regeneration, attentiveness assistant, and cruise control with a braking function, among other premium features. Under the hood lies a four-cylinder, turbocharged 2.0-liter engine that produces 163 hp and 250 Nm of torque. Coupled with a seven-speed automatic transmission (Steptronic) with a double clutch and gearshift paddles, the four-cylinder mill has a 0-100 km/h sprint time of 8.2 seconds before reaching a top speed of 220 km/h. The all-new MINI Cooper Convertible 2026 is now available in Egypt at an attractive price of L.E. 3,000,000. تم نسخ الرابط
Tahya Masr
6 hours ago
- Tahya Masr
LG Egypt Launches a New Phase of Its 'Better Home' Initiative in Al Beheira to Improve Living Conditions
Under the slogan 'Life's Good' and within its ongoing partnership with Misr El Kheir Foundation, LG Egypt has launched a new season of its flagship CSR initiative, 'Better Home,' which aims to support the most vulnerable families, provide them with decent and stable living conditions, and enhance their home environment. This phase of the initiative targets support for six of the most deserving families in villages across Al Beheira Governorate by providing them with 6 top-load washing machines and 6 smart televisions. These appliances represent part of the company's contribution to creating a more comfortable and stable living environment for the beneficiary families, thereby improving their daily quality of life . The initiative falls within Misr El Kheir's Home Environment Improvement Program, which focuses on social and engineering interventions to improve housing conditions in the most in-need villages across Egypt, through renovation, reconstruction, or providing basic necessities in accordance with approved procedural standards. This in-kind donation aligns with LG's strategy of truly embodying its slogan 'Life's Good.' The company continuously works to provide material and moral support to vulnerable communities in collaboration with Misr El Kheir, enhancing the foundation's efficiency and contributing to sustainable community development. Mohamed El Gedawy, Marketing and Public Relations Director at LG Egypt, stated: 'LG is not just about providing technological products — we strive to be part of the fabric of Egyptian society. Through this new phase of the 'Better Home' initiative, we reaffirm our commitment to realizing our motto 'Life's Good' by supporting families in underprivileged areas' . Eng. Ahmed Youssef, Senior Director of the Direct Aid Program at Misr El Kheir, added: 'The services offered by Misr El Kheir to eligible families throughout the year through the Humanitarian Aid Department reflect our vital social role across all Egyptian governorates. We're pleased with this collaboration with LG, which is not the first of its kind, as LG has long partnered with us across multiple sectors within the Foundation — a partnership we hope continues.' He also emphasized that this collaboration aligns with Misr El Kheir's broader strategy and mission to nurture and empower individuals in a way that uplifts their humanity . LG Egypt confirmed that this initiative in Al Beheira is only one stop in a series of upcoming phases aimed at expanding the impact of the 'Better Home' program across several governorates — reinforcing the company's role in supporting sustainable development in Egypt.
