Egypt Economic Development Conference March 2015
PM: Egypt open to constructive cooperation
Sunday، 15 March 2015 - 12:00 AM
Egypt extends its hands for constructive cooperation and expertise exchange with all sides, Prime Minister Ibrahim Mahlab said.
On the second day of the Egypt Economic Development Conference (EEDC) in Sharm El Sheikh, Mahlab welcomed the participants and thanked them for accepting Egypt's invitation to “build a future country.”
The Egyptian economy has great potentials and strong foundations and its market's extension makes it the largest in the region in terms of domestic demand, Prime Minister Ibrahim Mahlab said.
Mahlab said youths make up 60% of Egypt's demographic composition, providing a large working force and qualifying it to achieve large economic leaps.
The country's unique geographic location qualifies it to be an international center for transport and logistics, he said.
The government has moved at several fronts in the past months to realize political stability through its commitment to the political road map, the referendum on the constitution and the presidential election with the parliamentary polls in the pipeline, he said.
Egypt will give space to the private sector to play a major role in pushing forward the production wheel under international standards governing competitiveness, quality and diversity, Mahlab told the EEDC gathering.