The Rawalpindi Chamber of Commerce and Industry (RCCI) organized the Pakistan- Egypt Business Opportunities Conference at Triumph Luxury Hotel in Cairo, Egypt, here on Thursday.
The conference witnessed the convergence of visionary entrepreneurs from both Pakistan and Egypt. More than 200 delegates from Pakistan and Egypt representing different sectors including Information Technology, Textile, Agriculture, Construction, Pharmaceutical, minerals and Travel and Tours, attended the conference. Mahmoud Mostafa Kamal Esmat, Minister of Public Enterprises Sector was the chief guest on the occasion whereas Ambassador Sajid Bilal, Dr. Alaa Ezz Amin, General of Chamber of Commerce, RCCI top leadership, President Saqib Rafiq, group leader Sohail Altaf, Senior Vice President Muhamamd Hamza Sarosh, Vice President Faisal Shahzad, former presidents, Executive Committee members, among others, were also present on the occasion.
On the sidelines of the Business Opportunity Conference, Business-to-business (B2B) meetings were held which provide an exclusive platform for delegates to establish meaningful connections and nurture potential partnerships. Several memorandums of understanding were also signed between the counterparts of the companies participating in the conference.
President Saqib Rafiq in his keynote address said that Pakistan has the second largest pool of freelancers and this provides a huge opportunity to Egyptian investors for joint ventures in the Information Technology Sector. Both Pakistan and Egypt are located on strategic locations, where Pakistan connects Central Asia via China Pakistan Economic Corridor and Egypt serves as the gateway to African Markets, he added.
He said that the trade volume between Pakistan and Egypt is close to $400 million which can be increased to one billion dollars in a couple of years and added that by enhancing trade cooperation with Egypt, Pakistan can get easy access to many African markets including Libya, Morocco, Sudan and Algeria. He invited the Cairo Chamber, and Alexandria Chamber to visit Pakistan for improved networking.
Group Leader Sohail Altaf in his speech said that this conference provides us a platform for information sharing and increased networking.
Pakistan Ambassador Sajid Bilal in his speech said that Pakistan being located at the crossroads of Central Asia, South Asia, China and Middle East offers great opportunities for trade and investment in various sectors.
He thanked the Egyptian Government and Chambers for the support and cooperation and utmost efforts of RCCI for organizing the Business Opportunity Conferences aiming to strengthen the bilateral and trade relations between Pakistan and Egypt.
Mostafa Kamal Esmat, Minister of Public Enterprises in his address thanked the participants and highlighted the close ties between two countries. He said there is a lot of potential to increase bilateral trade volume from millions to billions.
Dr. Alaa Ezz Amin, General of Chamber of Commerce, shared a presentation with the audience for possible trade opportunities, scope of investment and sector specific growth.
The Business Opportunities Conference in Cairo signifies a significant milestone in creating lasting partnerships that transcend geographical boundaries.
