President: BRICS forum represents key platform for investment, trade

President: BRICS forum represents key platform for investment, trade

Egyptian President Abdel Fattah El Sisi said on Friday that the BRICS forum represents a key platform for probing various investment and trade opportunities among the member countries.

The President’s remarks were made during a recorded speech at the BRICS Business Forum in Moscow on Friday. President El Sisi voiced his deep appreciation to Russian President Vladimir Putin for his ongoing efforts during the Russian presidency of the bloc this year, citing tireless efforts made to further advance cooperation among BRICS countries at all levels.

“We value the holding of the BRICS Business Forum, which demonstrates the commitment to enhancing relations among the member countries, and therefore contributes to enhancing investments, inter-trade, and joint projects, which will undoubtedly strengthen our efforts to fulfill the aspirations of our peoples and achieve the desired economic growth,” President El Sisi told the gathering.

The President has pointed out that the BRICS forum is being held at a time when the world is witnessing successive and unprecedented international challenges and crises that require concerted efforts to find effective solutions.

“This is in addition to intensifying work to advance the path of sustainable development. This is a shared responsibility, in the first place, where the private sector and business councils undertake a key role as indispensable partners,” he said.

He has made it clear that the forum represents an important platform for exploring various investment and trade opportunities among the member countries, as well as enhancing cooperation between the private sector institutions by leveraging each country’s competitive advantages to launch joint projects.

“This will contribute to enriching economic integration among the member countries and enhance the role of BRICS as a prominent economic bloc in boosting global economic growth, especially considering the enormous economic and investment potential our countries hold, particularly in the fields of renewable energy, digital transformation, and manufacturing industries, which have become key pillars for achieving development,” he said.

The President told the gathering that Egypt is taking confident steps on the path of economic reform and comprehensive development, striving for a more sustainable economy and the ability to withstand crises.

Source: Egyptian Gazette

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