Development

  • Article // Mar 26, 2015
    Ahmed Farouk Ghoneim
    Saudi Arabia’s late King Abdullah first conceived of the Egypt Economic Development Conference (EEDC) as a means of supporting Egypt and its new government after the toppling of President Mohamed Morsi in June 2013. The plan was to provide a forum through which donors could coordinate their economic assistance, and lengthy preparations finally culminated in a well-organized event on March 13-15. Though skeptics had suggested that only Gulf leaders would show up, the EEDC was in fact attended by representatives of more than 112 countries. The approximately 2,000 delegates included CEOs of major multinationals as well as top-level officials from regional and international economic organizations.
  • Often intertwined with foreign investment, many sectors, such as agriculture and water use, have seen a marked rise in development in recent decades.

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