Egypt said on Tuesday it has secured US$1.32 billion to support small and medium enterprises in the Arab World.
The allocation is a part of US$2 billion dedicated to the purpose by the Arab Economic Summit held in Kuwait in January 2009.
The second summit, to be hosted in Egypt’s Sharm al-Sheikh resort in January 2011, will review the activation of resolutions adopted during the Kuwait meeting, according to Egypt’s assistant foreign minister for economic affairs, Mohamed al-Oraby.
Al-Oraby stressed that the upcoming summit will focus on development and reinforcing inter-Arab commerce through supporting infrastructure in the fields of land and maritime transport, as well as power-sharing projects.
Other issues to be discussed are land and maritime linkage projects, according to al-Oraby, who added that there are no political topics slated for discussion.
Translated from the Arabic Edition.
