São Paulo – On January 15th and 16th, 2013, Cairo will host the Egypt Power and Infrastructure Investment & Finance Summit. The meeting will focus on investment opportunities in the Arab country in sectors such as alternative energy sources, infrastructure, logistics and consulting. The event will be promoted by the European Finance Convention Conferences, a European Union organization based in Brussels, Belgium, established in 1987 to foster economic cooperation between European and Mediterranean countries.
According to a press release for the event, the main topics will be energy and alternative energies; transport and logistics infrastructure; commercial and residential infrastructure; project financing and public-private partnerships; foreign direct investment attraction; and new energy and infrastructure businesses in Egypt.
Over 200 people are expected to attend, including business representatives, Egyptian government officials, international financial institutions and private sector delegates. The summit will also be attended by investment funds, banks and students to discuss options of construction financing and project implementation.
With regard to clean energy, Egypt will present the projects to achieve the target of having 20% of electric power generated by solar parks and wind farms by 2020. The projects will be presented on January 15th by the energy advisor at the Egyptian Ministry of Environment, Hisham El Agamawy, the World Bank’s senior energy specialist Mohab Hallouda, and the project manager and senior economist for the Organization for Economic Cooperation and Development (OECD), Ania Thiemann.
Also on the 15th, civil construction investment opportunities will be introduced, especially in housing, tourism and infrastructure. According to the event’s organizers, Egypt’s primarily young population is increasing, and will create a demand for housing units. The country also expects to receive 25 million tourists a year by 2020.
In the panels to be held on the 16th, opportunities in transport and logistics will be outlined. Egyptian authorities want to improve the capacity of the country’s ports, roads, increase cargo transport, and expand the railway network. For such, Egyptians intend to for public-private partnerships and attract investors who wish to inject capital into said projects.
*Translated by Gabriel Pomerancblum
