Egypt’s Minister of Finance, Mohamed Moeit, will participate in the World Economic Forum (WEF) in Davos, Switzerland, under the title ‘Globalisation and the Formation of a Global Structure in the Era of the Fourth Industrial Revolution’. The WEF will be held from 22 to 25 January, according to a press statement on Monday.
The ministry said that inviting Egypt to participate in this forum came as a result of Egypt’s positive and prominent reforms in the various sectors, and as a result of the good implementation of its reform programme, which raised the desire of the international community to recall Egypt to participate in this forum after five years of interruption of Egypt’s participation.
The ministry noted that during his visit, it is scheduled that the minister will hold a number of discussions and round tables with major investment banks and international companies, in order to discuss ways to strengthen Egypt’s global position, reduce financial costs, and explore ways to attract more international investments, as well as to resume discussions toward creating new sovereign financing channels.
Moeit will also hold a number of general discussions on the current Egyptian economic and regional situation with a number of international banks led by the Standard Chartered Bank, as well as discussing opportunities to continue the efforts to strengthen and support Egypt.