The “Africa 2018” forum, which concluded on Monday, announced seven important decisions at the end of the forum alongside the signing of 30 agreements in the fields of investment, entrepreneurship, financing for small and medium-sized enterprises, and infrastructure and technical cooperation agreements all totaling at US $3.5 billion. It also signed agreements for the development of 10 square kilometer land area of ​​the Economic Zone of the Suez Canal, and another contract for the storage of petrochemicals on an area of ​​11442 square meters in West Port Said. Regarding the Kitchener Bank, three agreements were signed between Egypt and the European Union, the European Investment Bank and the European Bank for Reconstruction and Development. The General Authority for Investment and Free Zones (GAFI) signed memorandums of understanding with Ethiopia and Uganda, for cooperation in the field of investment. The “Africa 2018” forum held in Sharm al-Sheikh comes amid aspirations to achieve greater regional integration and to facilitate intraregional trade as well as increase investments between African countries, Sisi said.

Source: Egypt Independent December 11, 2018 10:07 UTC