The meeting also included Prime Minister and Minister of Housing Dr. Mustafa Madbouli, Minister of Youth and Sports Dr. Ashraf Sobhy, and Chairman of the Armed Forces Finance Authority Major-General Mohamed Amin Nasr.

The official presidential spokesman, Ambassador Bassam Rady, explained that the meeting touched on the status of a number of new cities—including the Administrative Capital, New Al-Alamein City, and New Mansoura—in terms of progress made in the implementation of roads, main axes, and residential neighborhoods.

In a related context, President el-Sisi issued directives to uphold the hard work and to exert utmost efforts to render new cities as a pioneering model for life in Egypt according to modern standards. He also stressed the importance of the availability of sporting facilities in new cities in order to enable all classes of society access to exercise and a multitude of services.

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Egyptian President Abdel Fattah El-Sisi inaugurated the event under the slogan “Go SMART.” He stated that Egypt is undergoing major changes on different levels, starting from mega projects like the “Suez Canal Development Project” to the overhaul of the entire country’s infrastructure, and up to taking decisive steps to rebuild the economy.

The forum aims at reshaping governments to smart ones, changing the way business is done, and building new communities that are intelligent and smart. On the second day of the event, the focus was on the role of smart communities in Egypt. ECG was a key participant in the proceedings of that day. ECG was also actively present at the fair through a number of its top executives, including ECG Business Development Division Head Moheb Marcos.

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The event, held under the patronage of President Abdel Fattah El-Sisi, witnessed the attendance of a number of ministers concerned with the future of energy in Egypt. A number of Egyptian and foreign businessmen and consultants also attended the conference.

The aim of the conference was to discuss the role of financial institutions in establishing energy investments, as well as the possibility of benefiting from the experience of other countries in this field, especially the United Arab Emirates, Saudi Arabia, Germany and China. Obstacles faced by private sector firms attempting to invest in energy projects were also discussed as part of the conference proceedings.

A number of ECG representatives had a strong presence at the event, led by Mr. Amr Allouba, ECG Chairman; Mr. Ahmed ElSayed, ECG Vice Chairman; Mr. Mohamed Abdel Moneim, ECG President & CEO; Mr. Omar ElSayed, Vice President & Head of International Operations; and Mr. Moheb Marcos, Vice President & Head of Business Development.

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