Shoukry highlights Gaza developments’ impact on Egypt’s economy during Riyadh WEF meetings

Shoukry also participated in a roundtable discussion on trade disruptions and supply chains in the Middle East. The roundtable discussion saw the participation of the Saudi Minister of Transport, the Jordanian Minister of Foreign Affairs, the CEO of Maersk, and several other prominent figures.

During the Global Economic Leaders’ event at the World Economic Forum meeting in Riyadh, Egypt’s Foreign Minister Sameh Shoukry delved into the economic implications of the developments in Gaza on Egypt’s economy. He also participated in a roundtable discussion focusing on trade disruptions and supply chains in the Middle East.

At the recent Global Economic Leaders’ event, Shoukry emphasized the critical importance of achieving a ceasefire in Gaza as a permanent and urgent solution to the crisis. He also called on the international community to go beyond voicing support for a two-state solution and instead take meaningful action towards its implementation.

The event was graced by the presence of Nigerian President Bola Ahmed Tinubu, Rwandan President Paul Kagame, Kristalina Georgieva, Managing Director of the International Monetary Fund, along with various ministers and leaders from the private sector.

During the roundtable discussion, Shoukry highlighted the significance of the Suez Canal as a pivotal point in international trade and outlined efforts to develop the canal by transforming it into an advanced logistics centre.

Furthermore, he held bilateral meetings with counterparts from Norway, Sri Lanka, and Malaysia on the sidelines of the WEF meetings.

Shoukry also reiterated Egypt’s complete rejection of an Israeli military operation in Rafah and any attempt at forced displacement of Palestinians.