News / The world meets in Egypt March 2015

05-MAR-2015

Egypt captured world’s attention during "The Egyptian Economic Development Summit" 13 - 15 March 2015 that took place on the shore of the Red Sea in Sharm ElSheikh.

The three days of the summit were attended by 22 head of States along with their official delegations, international organizations and over1, 700 overseas investors. The main purpose of their royal and presidential gathering was to show the whole world that Egypt is ready for business with long term vision and to show case-firsthand its opportunity to the world to witness the breakthrough Egypt is heading to.

The success of the summit was clearly admired in the world leaders speeches at the closing ceremony

"This part of the world is blessed with a stunning amount of commercial potential" U.S. Secretary of State John Kerry.

“For the first time, in my memory, you have a leadership in Egypt that understands the modern world, is prepared to take the measures that are relevant to the modern world, and wants Egypt connected to the modern world in the right way”
Tony Blair, the former British prime minister.

"To stand by Egypt is to breathe life into the future of the (Arab) nation"
The UAE's prime minister and ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum

"With 22 heads of state and 3,500 delegates, it's the largest summit of CEOs and world leaders I've ever seen" said event organizer Richard Attias, the organizer of the annual World Economic Forum in Davos, Switzerland.

Egypt New Administration Capital to operate in 2019

During the Egyptian Economic Development Summit, Egypt unveils plans to build new capital east of Cairo, a global city with smart infrastructure, situated along the corridor between Cairo and the Red Sea. 

This new capital city has the potential to become a powerful bridge between Egypt’s rich past and its vibrant future. A natural extension for the city of Cairo

The new city would span 700 km sq (a space almost as big as Singapore), house a park double the size of New York’s Central Park, and a theme park four times as big as Disneyland, 21 residential districts, 25 “dedicated districts”, 663 hospitals and clinics, 1,250 mosques and churches, and 1.1m homes housing at least five million residents. -  All to be completed within five to seven years.