Egyptian President Abdel-Fattah El-Sisi stressed on Thursday to the heads of leading US corporations Cairo’s keenness to continue to create an investment climate that is attractive to American investments.
El-Sisi said during the virtual meeting, organised by AmCham and the US Egypt Business Council, that the “quantum leap” witnessed by Egypt recently in various economic and development sectors reflect strong determination by the state to accomplish sustainable development, according to presidency spokesman Bassam Rady.
“This has been reflected through an increase in foreign investments in various fields that are rich with investment opportunities and which are backed by the political-decision making at the highest levels to implement projects in all development fields,” El-Sisi said.
The meeting was attended by the heads of several global companies, including Apache, Bechtel, Honeywell, Uber, Lockheed Martin, ExxonMobil, Chevron, Google, Mastercard, Pepsi and the Hilton group.
The attendees praised the priorities of Egypt’s investment plan, which they said are consistent with the global economic system, especially in the field of energy in light of Egypt’s goal of becoming a regional energy hub.
They also commended El-Sisi for diligently following up on measures undertaken to facilitate the operations of foreign corporations in Egypt.
The meeting saw an open dialogue between El-Sisi and the CEOs of the corporations, where they welcomed increased commercial and economic cooperation with Egypt to achieve common interests.
They also reviewed their future plans for investments in Egypt or expanding their existing projects.
The meeting was also attended by Prime Minister Mostafa Madbouly, Foreign Minister Sameh Shoukry, International Cooperation Minister Rania Al-Mashat and Industry and Trade Minister Nevine Gamea.