Egyptian President Abdel Fattah El-Sisi expressed deep appreciation to Russian President Vladimir Putin for his ongoing efforts during Russia’s presidency of the BRICS group this year, acknowledging the diligent work to enhance cooperation among BRICS countries at all levels.
In his recorded address to the BRICS Business Forum, Sisi emphasized that meetings hosted in various Russian cities have significantly strengthened the bonds and frameworks of cooperation among the BRICS nations. He praised the forum’s role in fostering relations among member states, which he believes will boost investments, intra-BRICS trade, and joint projects—ultimately supporting economic growth and fulfilling the aspirations of the member nations.
Sisi highlighted that the forum takes place during a time of unprecedented global challenges and crises, stressing the need for collective efforts to find effective solutions. He underscored the importance of sustainable development, noting that the private sector and business councils play a key role as indispensable partners in this journey.
He described the BRICS Business Forum as a vital platform to explore investment and trade opportunities among member states, encouraging collaboration between private sector entities. By leveraging each country’s competitive advantages, he believes that joint ventures will enrich economic integration among BRICS countries, cementing the group’s status as a key player in driving global economic growth. He highlighted the potential for cooperation in areas such as renewable energy, digital transformation, and manufacturing, which are crucial to development.
Sisi also spoke about Egypt’s progress toward economic reform and comprehensive development, aiming for a more sustainable and resilient economy. He outlined recent government steps to improve the investment climate and enhance the role of the private sector in driving economic growth. Key reforms include setting limits on public sector investments to create more opportunities for the private sector, continuing the state ownership program, and offering tax incentives and customs exemptions to simplify bureaucratic procedures and attract investors.
