Picture Supply: Al-Ahram
Egyptian President Abdel Fattah Al-Sisi participated within the sixteenth BRICS summit, held in Kazan, Russia from October 22 to 24, 2024, marking a major milestone in Egypt’s overseas coverage and financial technique.
Throughout his handle on the plenary session on Wednesday, Al-Sisi reaffirmed Egypt’s dedication to deepening its collaboration with BRICS members and leveraging the bloc’s assets to drive sustainable growth.
Egypt’s current accession to the BRICS New Growth Financial institution was a key focus, because the president highlighted its potential to spice up infrastructure initiatives and promote financial progress throughout the nation, in response to a report from Reuters.
He emphasised Egypt’s efforts to draw overseas funding and create a business-friendly atmosphere, noting that the nation’s strategic geographic location positions it as a key gateway between Africa, Europe, and the Center East.
Shaped in 2009, BRICS is a bloc of rising economies—Brazil, Russia, India, China, and South Africa—that collectively signify over 40 % of the world’s inhabitants and practically 1 / 4 of the worldwide GDP. Its fundamental objective is to advertise financial cooperation, commerce, and growth amongst its members and to problem the Western-dominated world financial order.
