Sunday 23 Feb

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Egypt and Gabon open new doors for investment


Egypt and Gabon open new doors for investment

During his official visit to Gabon, Minister of Foreign Affairs and Immigration Dr. Badr Abdelatty met with Gabonese President Olédé Nguema at the presidential palace in Libreville.

Abdelatty conveyed the greetings of President Sisi to his Gabonese counterpart, emphasizing Egypt's keenness to strengthen cooperation with Gabon. He highlighted the strong and distinguished relations between the two countries and stressed the importance of building upon the positive momentum witnessed following the Gabonese President's recent visit to Cairo in November 2024. Abdelatty further emphasized the need to give a strong impetus to the implementation of the outcomes of that visit.

Minister Abdelatty affirmed Egypt's support for the ongoing transitional phase in Gabon and the established timetable for its completion. He extended his congratulations on the successful outcome of the recent constitutional referendum.

The Minister emphasized the importance of fostering economic cooperation between the two countries through increased trade and investment exchange. He highlighted the promising opportunities available for Egyptian companies to contribute to development projects in Gabon. Notably, the Minister was accompanied by a delegation of representatives from prominent Egyptian companies eager to explore investment opportunities in sectors such as construction, infrastructure, energy, medicine, housing, and communications.

He reviewed the fruitful bilateral cooperation in many projects successfully implemented in Gabon with Egyptian expertise, such as the Egyptian-Gabonese hospital in Libreville, recognized as a successful model of bilateral cooperation. He affirmed Egypt's readiness to provide technical support, technology transfer, and capacity building to enhance the capabilities of Gabonese national cadres in various fields.

Dr. Khaled El-Anany, Egypt's candidate for the position of Director-General of UNESCO, participated in the meeting and presented his vision for his candidacy. He emphasized that he is a candidate for all African and Arab countries in this endeavor.

For his part, President Anjema conveyed his greetings to President Sisi, expressing his appreciation for the warm welcome he received during his recent visit to Egypt. He commended the leading role played by Egypt in supporting stability and development across the African continent. President Anjema expressed Gabon's strong aspiration to strengthen cooperation with Egypt in diverse fields.

During the meeting, the Gabonese president announced his decision to withdraw his country's candidate from the UNESCO race. This decision was made in appreciation of President Sisi and in support of Dr. Khaled El-Anany as the African candidate. Subsequently, the Gabonese government issued an official statement calling for international support for the Egyptian candidacy.