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Russia “important partner” for Egypt, says El-Sisi at St. Petersburg forum

CAIRO: Egyptian President Abdel Fattah El-Sissi praised Egypt-Russia relations during a speech at the St. Petersburg International Economic Forum.

He said: “Russia is an important partner for Egypt in various fields, and relations between the two countries are distinguished.”

During his speech, El-Sisi added: “Egypt and Russia are implementing large and ambitious projects that serve the interests of both countries”, noting that “the El Dabaa nuclear power plant project is the one of the important cooperation projects with Russia”.

The Egyptian President said: “This is in the context of the Egyptian State’s strategy to expand national projects for the use of new and renewable energy sources, as well as the project to establish the zone Russian industrial enterprise in the Suez Canal Economic Zone, to be an important platform for the advancement of industry in Africa, in addition to cooperation between the two countries to develop the Egyptian railway network and other joint projects that serve the interests of both peoples.

El-Sisi added: “Egypt is proud of its strong historic relations with the Russian Federation, as well as the tangible development that relations between the two countries have witnessed in recent years in many vital sectors of the economy. of the two countries, and the welfare of the two peoples.

He said Egypt will be a guest country at this year’s forum session on the 25th anniversary of its launch, “which confirms the distinguished level that Egyptian-Russian economic relations have reached in recent years.” .

He added: “This year’s forum is being held under unprecedented political and economic circumstances, and challenges of a strategic nature, and we hope that the results of the forum will contribute to finding effective solutions to these challenges, in a which mitigates the impact of the global economic crisis and its negative repercussions on many countries of the world, in particular on the economies of emerging countries.

“Despite economic efforts in Egypt, bullish attempts have recently come up against economic crises caused by the COVID-19 pandemic. Soon the world partially recovered from its effects, until a major economic crisis overtook us, which clouded growth rates and negatively affected the economy and state budgets.

He stressed that resolving the crisis “also requires an international effort and the cooperation of all parties in order to bring things back to normal.”

The leader called on the companies participating in the forum to take advantage of the opportunities offered by investing in Egypt.

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