Egypt’s President Abdel-Fattah El-Sisi and his Azerbaijani
counterpart Ilham Aliyev underscored the necessity of enhancing trade exchange
and bolstering economic partnerships between both countries' private sectors
via the formation of a joint businessmen council.
This came during a meeting between the two on Saturday in the Azerbaijani capital, Baku. El-Sisi arrived in the country on Friday in the first ever visit by Egyptian president.
Both leaders discussed means to promote cooperation, shining a spotlight on opportunities and potentials in both countries in several sectors, according to a statement released by Egyptian Presidential Spokesman Bassam Rady.
This includes renewable energy, infrastructure, transportation, pharmaceutical industries and tourism and culture sectors, according to Rady.
Egypt is attempting to transform itself into a regional energy hub. Aliyev praised the economic reform path in Egypt, saying it has resulted in "remarkable and continuous" improvement in the Egyptian economy, the spokesman added, expressing his country's keenness to elevate ties and consolidate cooperation with Egypt at all level.
Cairo "plays a pivotal role as a pillar of stability, security and peace in the Middle East and Africa," Aliyev assured El-Sisi. In addition, both presidents witnessed the signing of several memoranda of understanding (MoUs) between governmental entities in the two countries in areas of trade, culture and water resources.
On Friday, El-Sisi held a meeting with Azerbaijani businessmen and CEOs of major companies, along with the ministers from both countries, where he expressed his aspiration to increase public and private investments from Azerbaijan in Egypt.
The businessmen stressed to El-Sisi that they are interested in fostering cooperation and joint investments with Egypt, especially in light of the provision of several promising investment opportunities in the country. Recently, Egypt has offered a host of incentives to attract investors as part of its endeavors to boost the flow of foreign direct investment into the country.
El-Sisi and Aliyev also examined several regional and international issues of mutual interest. The Azerbaijani president hailed the "positive" role played by Egypt to settle regional issues, according to Rady.
El-Sisi and Aliyev also concurred on the importance of supporting efforts for a political settlement in Syria, working on rebuilding the country, eliminating terrorist groups and supporting state institutions.
They emphasized the necessity of preserving the territorial integrity of Syria, realizing the legitimate aspirations of the Syrian people and ending their human suffering, the spokesman pointed out.
As for Libya, El-Sisi also reviewed Egypt's vision for a settlement in Libya and its efforts in this regard to support the political, constitutional and economic tracks. The discussion covered the repercussions of the Russian-Ukrainian war and the latest updates on the Palestinian cause.
Source: Ahram Online
