Sisi praises the positive developments in economic relations between Egypt and America. "The Suez Canal hub provides promising opportunities for U.S. companies." The Business Council for International Understanding praises the Egyptian government's efforts to speed up development
President Abdel Fattah Al-Sisi participated in a working dinner organized by the Business Council for International Understanding (IAC), which includes a number of directors of major Us companies, investment funds, asset management companies and portfolios in the United States.
Ambassador Bassam Radhi, official spokesman for the Presidency of the Republic, said that the President expressed his welcome to meet again with the members of the Council, which reflects the spirit of distinguished cooperation between Egypt and the United States, stressing Egypt's keenness to develop relations of economic and trade cooperation with the business community U.S. companies and the development of joint investments to contribute to support the process of economic development in Egypt, within the framework of joint work to maximize mutual interests and optimize the opportunities available.
The President praised the positive developments witnessed by the economic and trade relations between the two countries over the past few years, explaining in this regard the opportunities provided by the giant projects under way in Egypt, especially the axis of development of the Suez Canal area, which Includes a number of major industrial and logistics zones, which provides promising opportunities for American companies wishing to take advantage of Egypt's strategic position, as a center for production and re-export of products to various countries of the world, many of which are linked by free trade agreements, especially in Arab and African regions.
The official spokesman explained that the president stressed that the qualitative shift that Egypt has witnessed recently in various development sectors, but reflects the strong will of the state, with its governmental and popular components, to achieve sustainable development, and the firm belief of Egyptians that they have much to offer to their partners International real investment opportunities, which will have positive repercussions on bilateral relations between Egypt and the United States, by opening doors to maximize existing U.S. investments in various sectors and opening new markets for American products, pointing out that the strategic relationship The two countries are the real umbrella for supporting efforts to develop joint cooperation in various economic fields through the necessary political will.
For their part, the members of the Business Council for International Understanding expressed their happiness to organize this meeting, which represents a great opportunity to strengthen the bonds of friendship and mutual cooperation, stressing their aspiration to discuss the possibilities of maximizing cooperation between the two countries, especially with the availability of many promising investment areas and opportunities in Egypt, no Especially in the transportation, health and energy sectors of all kinds, e-marketing, information technology, entrepreneurship support and small and medium-sized enterprises, taking into account the possibility of benefiting from the American expertise and technology it possesses in this regard to establish joint ventures. To settle the industry in Egypt.
The attendees from the American side praised the continuous and continuous personal follow-up of the president to the measures taken to facilitate the work of American companies in Egypt, and the remarkable development and growth in the Egyptian economy, supported by the efforts and actions adopted by the Egyptian government to speed up the development process, Especially with the implementation of many giant national projects, which will present Egypt as an important development partner on the international scene.
The meeting witnessed an open dialogue with the members of the Business Council for International Understanding, who confirmed their welcome to intensify cooperation with Egypt to achieve the common interests of both sides, while reviewing their plans to invest in Egypt or to expand their existing projects in many areas, and stress in this regard the importance of Continued efforts aimed at increasing investment and trade exchange and maintaining the desired communication between representatives of the private sector in the two countries to encourage leading American companies to invest and continue to push economic mobility in Egypt, as well as push ing bilateral economic relations to wider horizons meet the aspirations of the two peoples.