7th Builders of Egypt Forum tackles Arab, African integration for development amid global crises

Ahram Online , Saturday 18 Jun 2022

Egypt’s Prime Minister Mostafa Madbouly will launch on Monday the seventh edition of the Builders of Egypt Forum to discuss Arab and African integration in implementing comprehensive development strategies amid global challenges.

Builders

 

The forum, which is the country’s largest of its kind in the construction sector, will see expanded participation of Egyptian, Arab, and African ministers in the sectors of housing, investment, and service sectors. A number of foreign ambassadors and heads of relevant federations and business organisations will also be among the attendees.

This is in addition to more than 500 executive officials representing mega contracting, real estate and energy companies as well as financial and banking institutions and investment funds.

The theme of this year's forum is centered around development and financing opportunities in Africa and Arab countries in light of global changes.

During the forum, the Arab and African delegations will discuss means of integrating their economies to better implement development strategies in light of global financial and economic developments and subsequent monetary measures. This is given these measures’ impact on the global economic growth in general and the comprehensive development plans in emerging markets in particular.

The forum seeks to discuss the challenges that face the construction and development sector and introduce proposals required to avoid the impacts of the global crisis and ensure the achievement of the hoped-for growth in this sector.

The delegations will review comprehensive development plans in Africa and the Arab region, present a chart for mega projects, and discuss continuing comprehensive development programs and construction projects amid the global economic disruptions.

Representatives of international financial institutions and heads of major banking entities will attend the forum to discuss joint funding mechanisms. They will also present their outlook on sustainable development and the agenda of new projects in Africa given the presence of promising investment opportunities.

The seventh edition of the forum seeks to expand discussions to include development projects in many African and Arab countries in the fields of industry, tourism, health and education.

This will contribute to providing new investment opportunities for Egyptian companies and enhancing the implementation of their expansion plans in these markets.

The forum will also discuss Egypt’s plan regarding green building and sustainable development to achieve the country’s 2030 strategy. This comes in light of Egypt’s hosting of the UN Climate Change Conference (COP27) in Sharm El-Sheikh this November.

The upcoming session of the forum comes within the framework of the Egyptian state’s tireless efforts to develop its relations with Arab and African surroundings and maximise integration among the African countries.

The forum’s seventh session will also seek to transfer Egypt’s pioneering experiences in the process of development linked to infrastructure, housing, energy, transportation and other projects.

Held since 2014, the Builders of Egypt Forum is the largest and most prestigious event in the contracting and construction sector in Egypt. The annual event seeks to improve investment atmosphere and develop mechanisms for implementing state’s national projects in this regard.

The forum is organised by the Egyptian Excellent Communications company, a subsidiary of the United Media Services (UMS), in cooperation with the African Federation for Construction Contractors Associations (AFCCA).

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