Egypt's El-Sisi calls for upgrading consultative mechanism with Saudi Arabia, Pakistan, and Türkiye
via Egypt Today2 min read
Egypt's President Abdel Fattah El-Sisi urged the development of the consultative mechanism between Egypt, Saudi Arabia, Pakistan, and Türkiye into an effective institutional framework. This framework would aim to provide comprehensive and sustainable solutions to regional crises. President El-Sisi made these remarks during a meeting with the foreign ministers of these countries in Cairo, where they convened for the fourth meeting of the quadrilateral grouping. Discussions included the recently agreed US-Iran memorandum of understanding MoU and the Palestinian cause. El-Sisi reaffirmed Egypt's commitment to supporting the implementation of the US-Iran MoU and emphasized joint regional efforts for a just and comprehensive solution to the Palestinian cause, describing it as a prerequisite for regional stability. He stressed that any final agreement between the US and Iran must ensure the security of Gulf Cooperation Council states and other Arab countries, respecting state sovereignty, territorial integrity, good-neighborliness, freedom of navigation, and peaceful dispute resolution. The President also praised Pakistan's role in bridging differences between the US and Iran. The foreign ministers welcomed their meeting with El-Sisi, acknowledging Egypt's commitment to regional and international peace and stability, and supported the idea of developing coordination into an effective institutionalized framework.
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Prime Minister Mostafa Madbouly witnessed the signing of a strategic agreement between Midar for Investment and Urban Development and Majid Al Futtaim Holding. This partnership aims to develop a major integrated urban destination in Mada City, New Cairo, with an initial development value exceeding $3.1 billion. The project, covering approximately 553 feddans, will create a mixed-use destination including around 6,000 residential units, business and service facilities, commercial spaces, leisure destinations, and hospitality units. The first phase will develop about 200 feddans over four years, with a second phase developing an additional 300 feddans. Approximately 60 feddans are allocated for retail, leisure, and entertainment. The overall project value is expected to exceed $4 billion upon completion. Ayman El Qousi, Managing Director and CEO of Midar, stated that the project will operate under a revenue-sharing model, with anticipated future returns to Midar exceeding LE 40 billion. Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding, highlighted the partnership as a key step in the company's growth strategy in Egypt, building on its 27-year presence and approximately $2.8 billion investment in the Egyptian market.
Must ReadEgypt has called for further development of the recently signed US-Iran memorandum of understanding and for advancing negotiations towards a final agreement. This comes as American and Iranian negotiators commenced direct talks in Switzerland on Sunday. Egyptian Foreign Minister Badr Abdelatty discussed the US-Iran negotiation track with his Turkish and Pakistani counterparts during quadrilateral talks in Cairo, which also included Saudi Arabia. Abdelatty emphasized the importance of building on the progress made since the MoU's signing to reduce regional tensions and support Middle East security and stability. He also commended Pakistan's role in securing the MoU, describing it as a crucial step towards de-escalation and a sustainable settlement. Pakistani Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar acknowledged Egypt's support in the negotiation process. The US and Iranian negotiators are meeting to finalize details of their interim MoU, signed last week after nearly four months of conflict. This initial accord commits both sides to negotiating a final agreement within 60 days, including a ceasefire across all fronts, such as Lebanon, and the reopening of the Strait of Hormuz. The talks are occurring amidst questions regarding the agreement's implementation, following Iran's announcement of closing the Strait of Hormuz, a claim challenged by the US. The US delegation is led by Vice President JD Vance, while Iran is represented by Parliament Speaker Mohamma
The Egyptian and Turkish air forces have concluded a multi-day joint air force exercise held at several air bases in Egypt. The exercise involved a series of training activities and joint aerial sorties, utilizing some of the latest multi-role fighter aircraft from both air forces. According to the Egyptian military, the exercise demonstrated the high proficiency of the participating forces and facilitated the exchange of training and tactical expertise in planning, execution, and command-and-control procedures. This joint exercise is part of ongoing efforts to strengthen military relations and expand cooperation between the Egyptian Air Force and its counterparts in allied and friendly nations.