03 August 2020 10:10 PM

Sisi invited to take part in G20 Compact with Africa High-level Conference in Berlin

Wednesday، 13 November 2019 - 03:48 PM

President Abdel Fattal El Sisi, in his capacity as the head of the African Union (AU), was invited to take part in the G20 Compact with Africa (CwA) High-level Conference in Berlin on November 19-20, said German Ambassador in Cairo Dr. Cyrill Jean Nunn, in a press conference at the German embassy headquarters.
The event will be attended by a number of African leaders and representatives of the private sector in Africa and the G20, said the German diplomat, adding that bilateral meetings will be held on the sidelines of the gathering.
He said the CwA initiative aims at supporting the economies of African countries through carrying out development projects, pointing out that Egypt has distinguished relations with its African and Asian neighbors and that its chairmanship of the AU would contribute to the success of the conference.
Ambassador Nunn expected Minister of International Cooperation Sahar Nasr to sign a new agreement worth 54 million euros on the sidelines of the conference to finance projects of new and renewable energy, solid waste recycling, environment preservation and technical education.
He praised Egyptian-German relations, saying the Egyptian role in the Middle East is indispensable especially with countries like Libya, Sudan and Palestine and also in the Red Sea and the Mediterranean.
On economic cooperation between Egypt and Germany, he said nearly 1.183 German companies are working in Egypt. The number of German tourists who visited Egypt in 2018 reached 1.8 million, he also said, expecting it to rise even further this year after Lufthansa increased its operations to Cairo to two flights weekly.
He praised bilateral cooperation between Egypt and Germany's development bank (KFW) on establishing schools in Egypt along with the German University in Cairo and Berlin University Of Applied Sciences, expecting the inauguration of the new German University in the New Administrative City to take place soon.
Asked about the German investments in Egypt, the ambassador said German companies are interested in getting acquainted with conditions in Egypt and are following the economic reforms carried out by the Egyptian government, adding that German investments in development projects in Egypt are worth 1.7 billion euros.
He said the trade exchange between the two countries amounted to 4.5 billion euros including 1.2 billion in Egyptian exports to Germany.
On the Libyan file, the German diplomat said Chancellor Angela Merkel launched an initiative aiming at finding a solution to the Libyan crisis, pointing out to cooperation with Egypt on this score.
He also praised Egypt's role in fighting terrorism and illegal migration, saying the two countries cooperate to resettle 1,600 Africans currently in Egypt as they will be transferred to Germany.

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