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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)
Views: 4072
Views: 4072

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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08-11-2014 09:23am
Zionist Invasion
The American investors comprises of mainly Zionist businessmen are coming because El Sisi is and will be serving their interests.Whatever it is, without political freedom Egypt will not be prosperous and economic plans will fail. El Sisi thinks the whole world is unaware of the repression conducted by his administration of the Egyptians.
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07-11-2014 08:39pm
No relations have been strained.
The business community counts and insists on security to function. To them the brotherhood are nothing more then terrorists that need to be taken care of. On the other hand the recently disgraced and defeated Obama that has a soft spot for terrorists. His power has been clipped just as effectively as the brotherhood has been rendered irrelevant in Egypt.
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