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El-Sisi to meet with largest US business delegation since 2011 revolution

Three-day visit will include 66 large American companies in energy, telecommunications, food, pharmaceuticals, banking, infrastructure and other sectors

Ahram Online, Friday 7 Nov 2014
Egyptian President Abdel Fattah El-Sisi
Egypt president Abdel-Fattah El-Sisi (Photo: AP)
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Egypt will host on Sunday the largest delegation of American business owners and officials to visit the country for three years, including representatives of 66 large companies.

Participants will include General Electrical International Inc., Microsoft and IBM in the ICT sector, First Solar International, Noble Energy, and ExxonMobil in the energy sector as well as drug maker Pfizer along with other major corporations operating in additional sectors.

The delegation is the largest to visit the country since the 2011 revolution which toppled the regime of then-president Hosni Mubarak, according to Anis Aclimandos, president of the American Chamber of Commerce in Egypt.

The visit will last three days, reported state agency MENA, during which time the delegation will meet Egyptian President Abdel-Fattah El-Sisi, Prime Minister Ibrahim Mahlab, as well as other ministers and Egyptian businessmen.

Egyptian-American relations have been strained following the ouster of Islamist president Mohamed Morsi in July 2013, when the US temporarily froze military aid to Egypt.  

Egypt is preparing to host a major economic summit in February next year in a bid to attract international investments after three years of political instability and economic turmoil.

This week’s visit will send a positive message to investors worldwide about foreign interest in the Egyptian market, said Aclimandos, and will indicate that Egypt is a stable country in a volatile region.

The delegation will include companies operating in various sectors such as energy, telecommunications, banking, infrastructure, logistics, food, and pharmaceuticals, among others.

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