Egypt's President highly appreciates historic friendship with Russia |Africa |Vietnam+ (VietnamPlus)

2022-06-18 17:50:52 By : Ms. Catherine Zou

Egyptian President Abdel-Fattah El-Sisi said on June 17 that economic relations between Egypt and Russia have recorded very good development in the past two years, and affirmed that Cairo highly values ​​the relationship. historic friendship with Moscow.In a video address at the International Economic Forum St.Petersburg, taking place in Russia from June 15-18, President El-Sisi said that Egypt and Russia have cooperated in implementing large projects, such as the Dabaa nuclear plant project, the project of an industrial park of Vietnam. Russia in the Suez Canal Economic Zone and the project to upgrade the railway network in Egypt.According to official figures, trade between Egypt and Russia will reach $4.7 billion in 2021, up 5.1% from the previous year, of which Egypt's exports to Russia will reach more than $591 million. and imports from this market is more than 4.1 billion USD.Mr. El-Sisi also urged companies attending the forum to seize investment opportunities in Egyptian sectors.The Egyptian leader added: "This year's Forum is held in the context of the world facing unprecedented economic and political challenges. We hope that the outcome of the forum will contribute to part of finding effective solutions to those challenges in ways that minimize the impact of the global economic crisis on many countries around the world, especially developing economies."[Egypt and Russia resume all suspended flights between the two countries]President El-Sisi also introduced Egypt's "Vision 2030" plan, under which the Egyptian government has modernized the legal system to be able to attract more foreign investment, thereby bringing land to the country. Pyramid countries into the group of countries attracting top foreign investment in Africa.Egypt is one of the few countries in the world to achieve an economic growth rate of 3.3% in 2021, despite the negative impact of the COVID-19 pandemic, the Egyptian economy is expected to grow 5. .5% in the current financial year, with exports of non-oil goods in 2021 growing to $32 billion.Egypt has also made many achievements in its strategy of expanding agricultural land and implementing large-scale agricultural projects as well as mega-projects in the fields of transport and clean energy.Mr. El-Sisi added that dealing with global crises requires international efforts and cooperation from all parties to restore normalcy, especially maritime and chain operations. food supply, including cereals and vegetable oils.