President Abdel Fattah El-Sisi announced a series of initiatives at the 11th Summit of the Developing Eight (D-8) Organization for Economic Cooperation to strengthen collaboration and promote economic growth among member states
The 11th D-8 Summit has officially kicked off in Cairo on Thursday, with world leaders and high-level delegations from member states in attendance. Here's a concise guide to understanding the summit and its implications.
Collectively, these nations represent a substantial market with a combined population exceeding one billion and a total GDP that accounts for almost 4 trillion dollars, 1.5 trillion dollars of exports, and 110 billion dollars of intra-trade.
The agreements include a concessional development loan worth $230 million to support Egypt's budget, along with grants totaling $4.3 million for the renovation of the Cairo Opera House and the expansion of agricultural mechanization
Al-Mashat described the EU as a “strategic partner” for Egypt, highlighting their collaboration across sectors such as food security, renewable energy, and digital transformation
