The Arab Union for Real Estate Development (AURD), affiliated to the Council of Arab Economic Unity at the Arab League, signed a cooperation protocol with Akhbar El Yom Foundation and Al-Oula Real Estate Development Company in order to organise the first Arab conference for investment in Egypt, in conjunction with the celebrations of the October victory this year.
The conference aims to discuss opportunities of sustainable investment in various economic sectors, the most important of which are the real estate sector and the industries which are based on it, as well as the tourism sector as it is of interest to the Arab world in general and Egypt in particular, as they are promising investment sectors in Egypt.
In its first edition, the conference looks forward to hosting more than 50 leading investment agencies from around the world as well as the Arab world, in addition to leaders of Arab and international organisations, heads of monetary and financial institutions, prominent economic and political figures, and representatives from the private sector.
The President of the AURD, Ahmed Alsudain, praised Egypt’s stance with its Arab brothers and the strong historical ties between Egypt and the Arab countries, pointing out the keenness of the union to support the Egyptian economy.
Alsudain said during the signing of the protocol that the first Arab investment conference is the first in a series of Arab economic conferences to support the idea of a common Arab market, economic integration, and trade exchange, which is one of the most important objectives of the Arab economic unity.
