Presidential spokesperson, Ambassador Mohamed El-Shenawy announced that before the expanded session with American business leaders, President El-Sisi met with Suzanne Clark and John Christmann. During this meeting, President El-Sisi affirmed Egypt's readiness to collaborate with the American business community and investors across all economic sectors of mutual interest. He underscored President Trump's supportive stance on strengthening joint cooperation between Egyptian and American companies.
President El-Sisi emphasized Egypt's aspiration to become a
primary industrial hub for American industries, leveraging its significant
market size and its strategic position as a gateway to the Arab region and the
African continent, bolstered by strong ties with African nations. He also stressed
Egypt's keen interest in establishing an American industrial zone within the
Suez Canal Economic Zone, assuring that Egypt is prepared to provide all
necessary facilities to American investors.
Furthermore, President El-Sisi highlighted that investing in
Egypt offers a prime opportunity for any investor, largely due to Egypt's
political stability. He also noted the Egyptian people's societal
"awareness" and resilience in enduring significant and challenging
economic reforms implemented for the public good, even amidst the difficult
regional political circumstances and their repercussions.
For her part, Suzanne Clark highlighted that the American
business delegation's visit to Egypt emphasizes the strong strategic alliance
between the two nations. She explained that American companies in Egypt are
achieving tangible successes and contributing to Egypt's development, citing
Apache Corporation as a model of successful bilateral cooperation. The
President commended Apache's success and operational expansion in Egypt.
Ambassador El-Shenawy added that this was followed by an
expanded meeting between the President and representatives of American
companies. The President underscored the deep and strong strategic
Egyptian-American relations. He emphasized Egypt's commitment to strengthening
these ties across all sectors, particularly in economic, commercial, and
investment fields, to serve the mutual interests of both nations He highlighted
Egypt's significant market size and its advanced, ready infrastructure for receiving
investments. The President also pointed to recent legislative reforms designed
to attract foreign investments, and mentioned that areas like the Suez Canal
Economic Zone offer comprehensive facilities for foreign companies and
investors. His Excellency then reviewed the Egyptian government's substantial
efforts within its economic reform program, which have significantly improved
macroeconomic indicators, boosted productivity, and created new job
opportunities.
The spokesperson noted that the President highlighted the
significant opportunities available for foreign investors in Egypt, particularly
due to its distinctive geographical location. This position allows Egypt to
serve as a gateway to Arab, African, and European markets. He welcomed both
existing and new American investments, assuring that the state is prepared to
provide all necessary facilities and overcome any obstacles to ensure the
success of American companies and investors in Egypt, in appreciation of the
unique nature of Egyptian-American relations. In this regard, the President
emphasized the state's keenness to enhance the private sector's role in driving
economic development.
El-Shenawy further stated that the meeting addressed Egypt's
priority investment areas, which include communications and information
technology, artificial intelligence, medical device and pharmaceutical
manufacturing, the automotive industry, renewable energy production,
construction and infrastructure, and food industries. These sectors were
highlighted due to Egypt's competitive advantages and the President's emphasis
on localizing industry.
The President listened to remarks from various members of the American delegation. They expressed appreciation for the Egyptian government's attention to fostering investment and economic development, and affirmed their desire to leverage the promising opportunities presented by the Egyptian market and economy for the mutual benefit of both sides.