Latest news with #AmChamEgypt
Daily News Egypt
25-05-2025
- Business
- Daily News Egypt
US-Egypt Policy Leaders Forum convenes in Cairo to boost economic ties
The US-Egypt Policy Leaders Forum convened in Cairo on May 25-26, 2025, a gathering focused on fostering economic collaboration and investment between the two nations. The American Chamber of Commerce in Egypt (AmCham Egypt), in collaboration with the United States Chamber of Commerce, the US-Egypt Business Council, and the Egypt-US Business Council, organised the forum. Leading the high-profile US business delegation is Suzanne Clark, President of the US Chamber of Commerce, joined by more than 55 senior executives from globally recognised American corporations across diverse industries. This visit underscores Corporate America's unwavering commitment to Egypt's long-term economic stability and prosperity, while exploring new business opportunities. Throughout the visit, delegates are scheduled to meet President Abdel Fattah Al-Sisi, Prime Minister Mostafa Madbouly, and senior Egyptian officials, discussing strategies for boosting investment and overcoming market challenges. Egypt remains one of the most strategically positioned and diversified economies in the region, offering investment prospects in energy, technology, healthcare, tourism, and financial services. The country's growing digital transformation and innovation-led industries provide avenues for US-Egyptian partnerships. The United States continues to be a major economic partner, with over 1,000 US firms operating in Egypt. The US ranked as Egypt's second-largest source of foreign direct investment (FDI) in FY 2023/24, contributing $3bn (5.3% of total FDI)—second only to the UAE. Additionally, Egypt holds its position as the fifth-largest regional trading partner to the US, with a total trade volume of $8.6bn in 2024. Despite regional geopolitical challenges, Egypt is implementing bold economic reforms aimed at fostering a more business-friendly environment. Over the past few years, the government has implemented far-reaching reforms aimed at creating a more competitive, transparent, and investor-friendly business environment. These reforms have encompassed critical areas, most significantly relating to investment reforms, tax incentives, financial sector modernisation, infrastructure development, and improvements in trade facilitation. Furthermore, Egypt has continued to invest heavily in infrastructure—expanding ports, roads, and logistics hubs—to streamline trade and commerce. The establishment of new industrial zones and free trade areas has further bolstered Egypt's position as a regional gateway for international businesses. Organisers state that all of these measures have allowed for greater participation from the private sector and international investors. AmCham Egypt, in partnership with its US counterparts, is hosting several high-profile events during the forum, including Ministerial Panels featuring Prime Minister Dr. Mostafa Madbouli and key Cabinet members. Each event is expected to bring together over 700 attendees, including government officials, diplomats, AmCham members, business leaders, academics, and media representatives, providing a platform for networking and strategic discussions. The US-Egypt Policy Leaders Forum reaffirms the strength of this longstanding bilateral partnership, paving the way for greater investment, trade expansion, and economic cooperation between Egypt and the United States.
Egypt Today
23-04-2025
- Business
- Egypt Today
FM affirms Egypt's keenness on boosting trade relations, investments with US
CAIRO – 23 April 2025: Foreign Affairs and Emigration Minister Badr Abdelatty asserted Egypt's keenness on boosting economic, trade and investment cooperation with the United States as a fundamental pillar of the strategic partnership between the two countries. The minister's remarks were made during his meeting with Chairman of AmCham Egypt Tareq Tawfiq and his accompanying delegation. In statements on Wednesday, Spokesman for the Foreign Ministry Tamim Khallaf said that Abdelatty lauded the active role played by AmCham Egypt in strengthening economic and investment ties between the two countries. Abdelatty also underlined the approval and adoption of motor vehicle safety standards after long-term negotiations, as well as continuing the procedures for signing the Customs Mutual Assistance Agreement (CMAA) between the US side and the Egyptian Customs Authority. The foreign minister also reviewed the State's efforts and reforms during the recent period to create a conducive investment climate in Egypt, develop the business environment, and address challenges facing investors. Abdelatty stressed that attracting direct foreign investments (FDIs) is a top priority for the Egyptian government. The two sides also discussed Egypt's stance towards regional developments, topped by the Palestinian issue and its efforts to restore calm, resume the ceasefire, and garner up support for the Arab-backed plan for the reconstruction of Gaza. The two sides also discussed the ongoing arrangements for Egypt's Future Economy Forum, set for Cairo in May. The forum is organized in coordination with the US Chamber of Commerce, with the participation of representatives of major US and Egyptian companies and economic institutions. The forum will review the investment opportunities available in various sectors in Egypt, and means to promote Egypt-US economic partnership.
Middle East
23-04-2025
- Business
- Middle East
OPEN// FM asserts Egypt's keenness on boosting economic, trade, investment cooperation with US
CAIRO, April 23 (MENA) - Foreign Affairs and Emigration Minister Badr Abdelatty asserted Egypt's keenness on boosting economic, trade and investment cooperation with the United States as a fundamental pillar of the strategic partnership between the two countries. The minister's remarks were made during his meeting with Chairman of AmCham Egypt Tareq Tawfiq and his accompanying delegation. In statements on Wednesday, Spokesman for the Foreign Ministry Tamim Khallaf said that Abdelatty lauded the active role played by AmCham Egypt in strengthening economic and investment ties between the two countries. Abdelatty also underlined the approval and adoption of motor vehicle safety standards after long-term negotiations, as well as continuing the procedures for signing the Customs Mutual Assistance Agreement (CMAA) between the US side and the Egyptian Customs Authority. The foreign minister also reviewed the State's efforts and reforms during the recent period to create a conducive investment climate in Egypt, develop the business environment, and address challenges facing investors. Abdelatty stressed that attracting direct foreign investments (FDIs) is a top priority for the Egyptian government. The two sides also discussed Egypt's stance towards regional developments, topped by the Palestinian issue and its efforts to restore calm, resume the ceasefire, and garner up support for the Arab-backed plan for the reconstruction of Gaza. The two sides also discussed the ongoing arrangements for Egypt's Future Economy Forum, set for Cairo in May. The Forum is organized in coordination with the US Chamber of Commerce, with the participation of representatives of major US and Egyptian companies and economic institutions. The forum will review the investment opportunities available in various sectors in Egypt, and means to promote Egypt-US economic partnership. (MENA) R R N/M O H
