Egypt Economic Development Conference
Country Title Leader
China Minister of Commerce Gao Hucheng
France Minister of Finance Michel Sapin
Germany Minister for Economic Affairs and Energy Sigmar Gabriel
Malawi Minister of Trade and Industry Joseph Mwanamveka
Eritrea Minister of Foreign Affairs Osman Saleh
Russia Minister of Economic Development Alexey Ulyukaev
United Arab Emirates Foreign Minister Abdullah bin Zayed Al Nahyan
United Kingdom Foreign Secretary Philip Hammond
United Kingdom former Prime Minister Tony Blair
United States Secretary of State John Kerry
Participants -- Government representatives
The Egypt Economic Development Conference (EEDC) was a three-day event that took place in the Egyptian Red Sea resort of Sharm El Sheikh. On March 13, 2015, over 2,000 delegates from 112 different countries arrived in Egypt to attend the conference. On the first day, a proposal for a new Egyptian capital city was announced. Kuwait, Saudi Arabia and United Arab Emirates pledged $4 billion each; whilst Oman said it would provide $500 million. BG Group and BP both made a commitment to invest $4 billion and $12 billion respectively.