Nobel laureate Mohamed ElBaradei's new Egyptian party 'too late for elections'

Cairo, Apr 29 (ANI): Egyptian reform leader Mohamed ElBaradei has formed a political party that aims to unite people in the country, and hopes to take power in four years time.

The Constitution Party marks a return to public life for ElBaradei, who is a former head of the IAEA.

But the new party's launch comes too late for it to field a candidate in next month's presidential election, The BBC reports.

According to the report, the part is clearly designed to challenge Islamist politicians who were the big winners in parliamentary elections earlier this year, and are likely to win the presidency.

ElBaradei, a Nobel peace prize winner, ruled himself out of running for the presidency this year, saying a fair vote would be impossible in such a chaotic transitional period.

Meanwhile, ElBaradei's supporters have shown their approval of the new party.

ElBaradei said he hopes that his newly formed party will be able to attract millions of members, and that it will unite the youth groups behind last year's uprising that toppled President Hosni Mubarak.

"The time has come to start a comprehensive political process to achieve the goals of the revolution," he said, adding that he wanted to rescue the great revolution that has been derailed and is almost stillborn. (ANI)