Egyptian President Abdel-Fattah El-Sisi has had a busy schedule on Sunday in New York meeting with the president of the World Bank (WB), members of the American Chamber of Commerce, and senior representatives of leading US companies who are interested in the Egyptian market.
El-Sisi's meetings come on the sidelines of the 73rd Session of the UN General Assembly.
In the meeting with the World Bank President Jim Yong Kim, El-Sisi discussed cooperation projects in the healthcare and education fields, especially technical education and vocational training.
They also discussed means of developing cooperation across various fields, including economic and social development, as well as assisting the government's efforts to attract foreign investments to the Egyptian market.
The meeting was attended by Minister of Foreign Affairs Sameh Shoukry, Minister of Investment and International Cooperation Sahar Nasr, Minister of Trade and Industry Amr Nassar and General Intelligence Chief Abbas Kamel, Presidential Spokesman Bassam Radi said.
Egyptian President Abdel Fattah El-Sisi, Foreign Minister Sameh Shoukry, Minister of Investment and International Cooperation Sahar Nasr meeting with World Bank President on Sunday September 23, 2018 in New York (Photo: Courtesy of Egypt's Presidential Spokesperson)
El-Sisi stressed the importance of enhancing relations with the World Bank group, as it is considered to be one of the most important development partners, Radi also said.
Meanwhile, Kim affirmed the continued support of the bank for the economic reforms implemented by Egypt, which has resulted in realistic positive results, including raising growth rates, reducing the budget deficit, and achieving economic stability.
The WB president promised to continue supporting Egypt in its efforts to improve the business and investment climate, shore up its service sector and establish more development projects to make Egypt a successful model for other developing nations to follow in achieving stability and economic reform.
Kim added that the meeting witnessed a review of the latest developments in the implementation of the economic reform program; and the mega development projects launched by the government to develop the economy.
Egyptian President Abdel Fattah El-Sisi meeting with members of the American Chamber of Commerce in New York on Sunday September 23, 2018 (Photo: Courtesy of Egyptian Presidency Spokesperson)
El-Sisi also met with members of the American Chamber of Commerce, and heads and senior representatives of leading US companies operating or desiring to operate in the Egyptian market.
The meeting was attended by John J. Christmann, the chief executive officer and president of the US Apache Corporation.
The meeting heard discussions into the economic, financial and legislative reforms adopted recently by the Egyptian government to attract more foreign investments and investment opportunities in Egypt.
Christmann praised the continuous progress witnessed in the Egyptian economy and the success of the measures taken by Egyptian government to improve the economic situation and encourage investment.
He affirmed the determination of the Egyptian-American Business Council to enhance economic and trade cooperation between the two countries in different industries.
Meanwhile, Vice President of the American Chamber of Commerce Myron Brilliant welcomed El-Sisi's visit and discussed ways of enhancing economic relations and joint cooperation between Egypt and the US.
During the meeting, El-Sisi pointed out that the Egyptian-American partnership has been and will remain one of the pillars of security and stability in the Middle East, especially as Egypt ranks first in the list of countries for American investments in Africa and second in the Middle East.
"The United States remains one of the largest and most important investors in the Egyptian market," said El-Sisi.
During the meeting, the Egyptian officials reviewed the investment opportunities available in various sectors in Egypt, including infrastructure, logistics, telecommunications, information technology, energy, pharmaceutical industries and the automotive industry.
El-Sisi stressed Egypt's desire to continuously communicate with American investors to identify the obstacles that may face them, and work on solving them.