Egypt aims to further strengthen international cooperation under the BRICS mechanism, which has already provided great opportunities for the countries' development, said Egypt's Minister of Public Enterprises Sector Mohamed El-Shimy while sharing expectations for the BRICS Summit.
The 17th BRICS Summit opened in Rio de Janeiro, Brazil, on Sunday and will last through Monday.
Speaking with China Global Television Network (CGTN) days ahead of the summit, Mohamed El-Shimy emphasized the significance of BRICS membership for Egypt, which officially joined the bloc in early 2024.
"Egypt joined BRICS in 2024 because of it's economic and political influence in the Middle East, North Africa, and across the African continent. This membership boosts Egypt's economy -- through the New Development Bank, which can finance key projects and facilitate trade, especially in strategic goods. BRICS also opens new export markets for Egyptian products," he said.
Speaking about the country's efforts to work with BRICS member states, the minister highlighted ongoing partnerships with several countries.
"We've established a dedicated government unit for BRICS cooperation. With China, we partner in auto manufacturing -- including electric vehicles and buses -- through Al-Nasr Auto Company, alongside collaborations in textiles. With India, we have a joint phosphate fertilizer venture and tourism agreements with an Indian hospitality group. Similar partnerships exist with the UAE," said El-Shimy.
He underlined Egypt's dedication to strengthening ties with BRICS nations, as part of the country's efforts to achieve its development targets.
"Egypt is deeply committed to strengthening ties with BRICS nations -- this will drive our economic growth, support our 10-year development goals, and help realize Vision 2030," said the minister.
Egypt to further deepen ties with BRICS member states: minister
Egypt to further deepen ties with BRICS member states: minister
