Equatorial Guinea's Vice President, Teodoro Nguema Obiang Mangue, received Dr. Mostafa Madkour, MADKOUR Group Chairman & CEO, and Mr. Mohamed Jaafar, MADKOUR’s Branch Manager in Equatorial Guinea, with the presence of Mr. Clemente Ferreiro Villarino, Minister of Public Works, Housing and Urban Planning, on Wednesday, August 7th, 2024.
The Vice President expressed his pride in the relations with Egypt, describing it as a leading African nation. He expressed his deep admiration for Egypt's developmental achievements in recent years, emphasizing Equatorial Guinea's desire to benefit from this experience, much of which was achieved through Egyptian expertise and investments. He noted that his country prioritizes cooperation with African countries that have successful development experiences.
The Vice President praised the urban development he witnessed during his recent visit to Egypt in June, especially in the new cities of El Alamein and the New Administrative Capital. He expressed his admiration for Egypt's achievements in construction and infrastructure in record time.
His Highness expressed great interest in developing the infrastructure, electricity and water sectors in the country. He sees MADKOUR as the ideal partner to execute this ambitious project, given its extensive experience in infrastructure development, energy, and utilities services, as demonstrated by its numerous projects in Egypt over the past decade.
Both parties agreed to cooperate to improve the living standards of citizens in Equatorial Guinea by developing infrastructure and the electricity and water sectors.
Dr. Mostafa Madkour, MADKOUR Group Chairman & CEO, indicated that this agreement represents a significant opportunity to expand Egyptian investments on the African continent and strengthen the strategic partnership between the two countries. He stated that this partnership is an important step that will contribute to transferring Egyptian expertise in construction and engineering to the African continent. He also expected that this project would have a significant positive impact on bilateral relations between the two countries and would open new horizons for cooperation in other fields.