7th Egypt Builders Forum addresses Arab and African integration for development amid global crises – Markets and Business – Business

The forum, which is the country’s largest of its kind in the construction sector, will see broad participation from Egyptian, Arab and African ministers in the housing, investment and service sectors. A number of foreign ambassadors and heads of relevant professional federations and organizations will also be among the participants.

This is in addition to more than 500 senior executives representing mega contractors, real estate and energy companies as well as financial and banking institutions and investment funds.

The theme of this year’s forum centers on development and financing opportunities in Africa and Arab countries in light of global changes.

During the forum, Arab and African delegations will discuss ways to integrate their economies to better implement development strategies in light of global financial and economic developments and subsequent monetary measures. This takes into account the impact of these measures on global economic growth in general and on the overall development plans of emerging markets in particular.

The forum aims to discuss the challenges facing the construction and development sector and to present necessary proposals to avoid the impacts of the global crisis and ensure the achievement of the expected growth in this sector.

Delegations will review comprehensive development plans in Africa and the Arab region, present a chart of megaprojects, and discuss comprehensive development programs and ongoing construction projects amid global economic disruptions.

Representatives of international financial institutions and heads of major banking entities will participate in the forum to discuss joint financing mechanisms. They will also present their vision of sustainable development and the agenda for new projects in Africa given the presence of promising investment opportunities.

The seventh edition of the forum aims to broaden the discussions to include development projects in many African and Arab countries in the fields of industry, tourism, health and education.

This will help provide new investment opportunities for Egyptian companies and improve the implementation of their expansion plans in these markets.

The forum will also discuss Egypt’s plan for green building and sustainable development to achieve the country’s 2030 strategy. This comes in light of Egypt’s hosting of the UN Climate Change Conference (COP27) in Sharm el-Sheikh in November.

The next session of the forum is part of the tireless efforts of the Egyptian state to develop its relations with the Arab and African environment and maximize integration between African countries.

The seventh session of the forum will also seek to transfer Egypt’s pioneering experiences in the development process related to infrastructure, housing, energy, transport and other projects.

Held since 2014, the Builders of Egypt Forum is the largest and most prestigious event for the entrepreneurship and construction sector in Egypt. The annual event aims to improve the investment climate and develop mechanisms for implementing national state projects in this regard.

The forum is organized by the Egyptian company Excellent Communications, a subsidiary of United Media Services (UMS), in cooperation with the African Federation of Building Contractors Associations (AFCCA).

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