In his opening remarks, the Minister of Transport, Kamel Al-Wazir, welcomed the U.S. Ambassador and executives from the American companies. He highlighted the strong strategic partnership between Egypt and the United States and emphasized the significance of the Tahya Misr terminal, where the press conference took place.
The Minister described the terminal as one of the most
modern in the Middle East. He noted that it is part of a larger project to
create the Greater Alexandria Port, which will combine the ports of Alexandria,
El Dekheila, and El Max. The terminal is operated by a company called TMT, a
joint venture between the Egyptian company EGMPT and the French company CMA.
The minister stressed that the Port of Alexandria is a key hub in both the
Mediterranean and the wider Middle East.
Minister Al-Wazir officially invited American companies to invest in Egypt, specifically in managing and operating port terminals across the country. He also pointed out opportunities for collaboration in improving and expanding Egypt's commercial shipping fleet, a goal set by President Abdel Fattah El Sisi.
Beyond ports, Al-Wazir highlighted other key investment areas,
including dry ports and logistics zones, which are crucial for preventing
congestion at seaports, operating new electric train lines that connect
seaports, dry ports, and industrial areas, and establishing specialized
industrial zones in Egypt.
He emphasized that these projects represent significant investment opportunities for U.S. companies, given the strong relationship between the two countries.