The Presidency
President El-Sisi received a delegation of US businessmen participating in the Egyptian-US Economic Forum held in Cairo. The delegation was headed by CEO and President of the U.S. Chamber of Commerce Suzanne Clark and Chairman of the US-Egypt Business Council and CEO of Apache Corporation John J. Christmann.
Also present were Prime Minister Dr. Moustafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Eng. Kamel El-Wazir, Minister of Planning, Economic Development and International Cooperation Dr. Rania Al-Mashat, Minister of Foreign Affairs, Emigration and Egyptian Expatriates Dr. Badr Abdel-Atty and Minister of Investment and Foreign Trade Eng. Hassan El-Khatib.
The Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said the President first met with Ms. Clark and Mr. Christmann before being joined by the members of the delegation. The President expressed Egypt’s readiness to cooperate with the American business community and investors in all economic fields of mutual interest, in light of US President Trump’s support to enhancing cooperation between Egyptian and American companies.
President El-Sisi affirmed that Egypt looked forward to becoming a major industrial hub for American industries, also serving as a large market and a gateway to the Arab region and the African continent, in light of the strong relations Egypt shares with the continent’s countries.
The President also affirmed that Egypt looked forward to establishing an American industrial zone in the Suez Canal Economic Zone and emphasized that Egypt was ready to provide all the necessary facilities to American investors, noting that investing in Egypt is an opportunity for any investor, as it enjoys both political and societal stability, based on the awareness of citizens and their resilience in enduring the major and harsh economic reforms that were implemented to achieve the public interest, in light of the difficult political circumstances that the region is experiencing and their ensuing repercussions.
Ms. Clark noted that the delegation’s visit to Egypt confirms the strength and solidity of the strategic alliance between Egypt and the USA. She explained that American companies operating in Egypt have achieved significant successes and contributed to the development process in Egypt, and are considered a model to be emulated in the success of cooperation between the two countries, similar to the Apache Corporation.
This was highly valued by the President, who expressed his appreciation for the success of Apache’s business in Egypt and the expansion of its scope of work.
President El-Sisi Holds Meeting with Representatives of US Companies
Today, President Abdel Fattah El-Sisi held an expanded meeting with the representatives of US companies.
The President welcomed them and emphasized the deep and strong Egyptian-American strategic relations, and Egypt’s keenness to strengthen them in all fields to serve the interests of both parties, especially in the economic, trade and investment fields. The President noted that Egypt is a large market, and has a ready and advanced infrastructure to receive investments, and that legislative reforms have been implemented to attract foreign investments, adding there are areas such as the Suez Canal Economic Zone that provide all facilities for foreign companies and investors.
The President reviewed the massive efforts undertaken by the Egyptian government within the framework of the economic reform program, which has contributed to a significant improvement in macroeconomic indicators, enhanced productivity, and created job opportunities.
President El-Sisi highlighted the vast opportunities available to foreign investors in Egypt, given its unique geographic location, serving as a gateway to Arab and African markets, as well as Europe. The President welcomed both current and new American investments, and stated that the state was ready to eliminate any obstacles to ensure the success of American companies and investors in Egypt, in appreciation of the special Egyptian-American relations.
The President noted the state’s keenness to enhance the role of the private sector in driving economic development.
The meeting focused on Egypt’s priority investment sectors, including the communications and information technology, AI, medical device and pharmaceutical production, the automotive industry, renewable energy production, construction and infrastructure, and the food industry. This is due to Egypt’s competitive advantages in these sectors. The President emphasized the priority Egypt accords to localizing the industry.
The President listened to interventions from the delegation members, who expressed their appreciation for the Egyptian government’s commitment to supporting investment and economic development. They affirmed their keenness to capitalize on the promising opportunities offered by the Egyptian market and economy to achieve common interests.
