Ambassador Mohamed El-Orabi, Chairman of the Afro-Asian Peoples’ Solidarity Organization and former Egyptian Foreign Minister, announced the election of the Board of Directors of the Afro-Asian General Union of Investors — the organization’s developmental investment arm — to help achieve its goals of driving development and investment, and encouraging investors to engage in reconstruction efforts in conflict areas.
El-Orabi stated that the formation of the Union’s Board of Directors is headed by Eng. Alaa Kamal, Vice Chairman of the German-Arab Chamber of Industry and Commerce, highlighting the importance of international expertise in leading this entity. The board also includes journalist Mohamed Sweid as First Vice Chairman, Ms. Manal El-Saeed as Vice Chairman, Eng. Mohamed Tharwat as Secretary-General, and members Eng. Mahmoud Nagi and Dr. Mayer Gerges, with Rami Galal serving as Treasurer.
He added that the Afro-Asian General Union of Investors operates under the umbrella of the Afro-Asian Peoples’ Solidarity Organization, with the aim of shifting its priorities towards development and investment, alongside its traditional role in supporting the causes of peoples. El-Orabi stressed that the new union will place particular focus on development projects in Afro-Asian countries.
“We believe that people are in urgent need of development, and development in turn requires real investments. Therefore, our goal will be to direct investments to serve these peoples within a framework of joint cooperation,” El-Orabi said.
He confirmed that the Union plans to establish subsidiary unions in several Gulf and North African countries in its first phase, and will participate extensively in reconstruction efforts in conflict zones, including Libya, Sudan, Palestine, Syria, and Yemen. The Union also aims to unify investors’ efforts in these areas to contribute effectively to rebuilding and to explore Africa’s untapped wealth.
El-Orabi emphasized that launching the Afro-Asian General Union of Investors from Cairo — the host country — supports Egypt’s efforts to attract foreign direct investment. He pointed out that the Union is a strategic partner in the Third World Hydrogen Summit in Africa, in cooperation with a German institution, reflecting the strategic importance of international partnerships in the Union’s new plan.
Ambassador Mohamed El-Orabi concluded by affirming that this formation represents a strong addition to the Union’s work and will set it on the right track to achieve its ambitious goals.
