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Egypt Independent
a day ago
- Business
- Egypt Independent
Egypt looks forward to establishing American industrial zone in Suez Canal: Sisi
Egyptian President Abdel Fattah al-Sisi on Monday received a delegation of US businessmen participating in the Egyptian-US Economic Forum held in Cairo. The President expressed Egypt's readiness to cooperate with the US business community and investors in all economic fields of mutual interest, in light of US President Trump's support towards enhancing cooperation between Egyptian and American companies. Sisi affirmed that Egypt looks forward to establishing a US industrial zone in the Suez Canal Economic Zone and emphasized that the country is ready to provide all the necessary facilities to American investors. The delegation was headed by CEO and President of the US Chamber of Commerce Suzanne Clark, and the Chairman of the US-Egypt Business Council and CEO of Apache Corporation John Christmann. The Spokesperson for the Egyptian Presidency, Mohamed al-Shennawy, said the President first met with Clark and Christmann before being joined by the members of the delegation. President Sisi noted that investing in Egypt is a promising opportunity for any investor, as it enjoys both political and societal stability based on the awareness of citizens and their resilience in enduring the major and harsh economic reforms that were implemented to achieve public interest, especially in light of regional disturbances. Egypt is looking forward to becoming a major industrial hub for American industries, and seeks to also serve as a large market and gateway to the Arab region and the African continent, owing to the strong ties Egypt shares with the continent's countries. Fruitful US cooperation Clark noted that the delegation's visit to Egypt confirms the strength and solidity of the strategic alliance between Egypt and the USA. She explained that American companies operating in Egypt have achieved significant successes and contributed to the development process in Egypt, and are considered a model to be emulated in the success of cooperation between the two countries, similar to the Apache Corporation. This was highly valued by President Sisi, who expressed his appreciation for the success of Apache's business in Egypt and the expansion of its scope of work. The meeting was also attended by Prime Minister Mostafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel al-Wazir, Minister of Planning, Economic Development and International Cooperation Rania al-Mashat, Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty and Minister of Investment and Foreign Trade Hassan al-Khatib.
Egypt Independent
27-05-2025
- Business
- Egypt Independent
Sisi says Egypt is looking forward to establishing American industrial zone in Suez Canal
Egyptian President Abdel Fattah al-Sisi on Monday received a delegation of US businessmen participating in the Egyptian-US Economic Forum held in Cairo. The President expressed Egypt's readiness to cooperate with the US business community and investors in all economic fields of mutual interest, in light of US President Trump's support towards enhancing cooperation between Egyptian and American companies. Sisi affirmed that Egypt looked forward to establishing a US industrial zone in the Suez Canal Economic Zone and emphasized that Egypt was ready to provide all the necessary facilities to American investors. The delegation was headed by CEO and President of the US Chamber of Commerce Suzanne Clark, and the Chairman of the US-Egypt Business Council and CEO of Apache Corporation John Christmann. The Spokesperson for the Egyptian Presidency, Mohamed al-Shennawy, said the President first met with Clark and Christmann before being joined by the members of the delegation. President Sisi noted that investing in Egypt is a promising opportunity for any investor, as it enjoys both political and societal stability based on the awareness of citizens and their resilience in enduring the major and harsh economic reforms that were implemented to achieve public interest, and in light of the difficult political circumstances that the region is experiencing and their ensuing repercussions. Egypt is looking forward to becoming a major industrial hub for American industries, and seeks to also serve as a large market and gateway to the Arab region and the African continent, owing to the strong ties Egypt shares with the continent's countries. Fruitful US cooperation Clark noted that the delegation's visit to Egypt confirms the strength and solidity of the strategic alliance between Egypt and the USA. She explained that American companies operating in Egypt have achieved significant successes and contributed to the development process in Egypt, and are considered a model to be emulated in the success of cooperation between the two countries, similar to the Apache Corporation. This was highly valued by President Sisi, who expressed his appreciation for the success of Apache's business in Egypt and the expansion of its scope of work. The meeting was also attended by Prime Minister Mostafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel al-Wazir, Minister of Planning, Economic Development and International Cooperation Rania al-Mashat, Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty and Minister of Investment and Foreign Trade Hassan al-Khatib.
Daily News Egypt
27-05-2025
- Business
- Daily News Egypt
Egypt's Al-Sisi meets US business leaders, promotes investment opportunities
Egyptian President Abdel Fattah Al-Sisi met with a US business delegation in Cairo on Monday, discussing enhanced economic cooperation and investment opportunities, the Egyptian presidency said. The delegation, participating in the US-Egypt Policy Leaders Forum, was headed by Suzanne Clark, President of the US Chamber of Commerce, and John Christmann, Chairperson of the US-Egypt Business Council and CEO of Apache Corporation. Egyptian officials present included Prime Minister Mostafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat, Minister of Foreign Affairs, Emigration and Egyptian Expatriates' Affairs Badr Abdelatty, and Minister of Investment and Foreign Trade Hassan El-Khatib. The Egyptian Presidency spokesperson stated that before an expanded session, Al-Sisi held a meeting with Clark and Christmann, attended by Madbouly, El-Wazir, and Abdelatty. During this, Al-Sisi expressed 'Egypt's readiness to cooperate with the US business community and investors in all economic fields of common interest, especially with the Trump administration's directives supporting enhanced cooperation between Egyptian and US companies.' Al-Sisi stressed 'Egypt's aspiration to be a major industrial hub for American industries, being a large market and a gateway to the Arab region and the African continent, especially given Egypt's strong ties with African nations.' He also 'emphasised Egypt's aspiration to establish an American industrial zone in the Suez Canal Economic Zone, stressing that the Egyptian side is ready to provide all necessary facilities for American investors.' He noted that 'investment in Egypt is an opportunity for any investor, especially with Egypt's political stability and societal awareness 'based on citizens' consciousness and resilience in enduring harsh economic reforms implemented for the public good,' amidst the difficult regional political circumstances and their repercussions.' Clark indicated that the US business delegation's visit 'confirms the strength and solidity of the strategic alliance between Egypt and the United States.' She explained that 'American companies operating in Egypt are achieving tangible successes, contributing to Egypt's development process, and are considered a model for successful bilateral cooperation, similar to Apache Corporation.' Sisi valued this, expressing appreciation for Apache's operations in Egypt. Presidential spokesperson Mohamed El-Shennawy added that an expanded meeting with representatives of US companies followed. Al-Sisi 'welcomed them, emphasising the depth and solidity of Egyptian-US strategic relations and Egypt's keenness to enhance them in all fields serving mutual interests, especially in economic, commercial, and investment areas.' Al-Sisi pointed out that 'Egypt is a large market with ready and advanced infrastructure to receive investments, and legislative reforms have been undertaken to support efforts to attract foreign investment.' He highlighted areas like the Suez Canal Economic Zone offering facilities for foreign companies and reviewed 'the significant efforts by the Egyptian government within the economic reform programme, which has contributed to a noticeable improvement in macroeconomic indicators, enhanced productivity, and job creation.' The spokesperson mentioned Al-Sisi 'highlighted the significant opportunities available to foreign investors in Egypt, especially given Egypt's distinctive geographical location, through which it plays the role of a gateway to Arab and African markets, as well as to Europe.' Al-Sisi 'expressed a welcome for US investments, both existing and new, and stated that the state is ready to provide all necessary facilities and overcome any obstacles to ensure the success of US companies and investors in Egypt.' He also noted the state's keenness to enhance the private sector's role in development. The meeting addressed priority investment areas for Egypt, including telecommunications and information technology, artificial intelligence, medical devices and pharmaceuticals, the automotive industry, renewable energy, construction, infrastructure, and food industries, the spokesperson said. Al-Sisi 'emphasised the priority Egypt gives to localising industry.' Al-Sisi listened to interventions from US delegation members, who 'expressed their appreciation for the attention the Egyptian government pays to supporting investment and economic development,' and 'affirmed their keenness to benefit from the promising opportunities offered by the Egyptian market and economy, in a way that achieves mutual interests for both sides,' the spokesperson clarified.
Egypt Today
26-05-2025
- Business
- Egypt Today
IN DEPTH: President El-Sisi Welcomes U.S. Business Delegation, Calls for Deepening Economic Ties and Industrial Cooperation
President El-Sisi meets with a delegation of top U.S. business leaders in Cairo to discuss investment and economic cooperation CAIRO - 26 MAY 2025: President Abdel Fattah El-Sisi has received a high-ranking U.S. business delegation attending the Egypt-U.S. Economic Forum in Cairo, in a meeting that underscored Egypt's strategic efforts to expand American investment and deepen bilateral economic ties. The delegation was led by Suzanne Clark, President and CEO of the U.S. Chamber of Commerce, and John Christmann, Chairman of the U.S.-Egypt Business Council and CEO of Apache Corporation — one of the largest American investors in Egypt's energy sector. President El-Sisi welcomes U.S. business delegation as part of efforts to strengthen Egypt–U.S. economic ties. Also present at the meeting were Prime Minister Dr. Mostafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Eng. Kamel El-Wazir, Minister of Planning and Economic Development Dr. Rania Al-Mashat, Minister of Foreign Affairs and Egyptians Abroad Dr. Badr Abdelatty, and Minister of Investment and Foreign Trade Eng. Hassan El-Khatib. Private Session Highlights Strategic Vision Ahead of the broader talks, President El-Sisi held a private meeting with Clark and Christmann, during which he reaffirmed Egypt's readiness to foster stronger partnerships with U.S. businesses across key sectors including energy, industry, infrastructure, and digital transformation. He pointed to the supportive direction of President Donald Trump's administration toward increasing bilateral corporate cooperation and highlighted Egypt's ambition to become a manufacturing and export base for American industries targeting Arab and African markets. Egypt's President El-Sisi discusses investment opportunities with leaders of major American companies in Cairo. President El-Sisi emphasized Egypt's strategic advantages — a large domestic market, geographic location connecting continents, and strong trade ties with neighboring countries — which collectively position Egypt as an ideal hub for U.S. production and regional distribution. Call to Establish a U.S. Industrial Zone in Suez Canal Economic Zone One of the key proposals tabled by President El-Sisi during the discussions was Egypt's invitation to the U.S. private sector to develop a dedicated American industrial zone within the Suez Canal Economic Zone (SCZone). He stressed that the Egyptian government is fully committed to providing all necessary incentives and overcoming any bureaucratic hurdles to facilitate this vision. El-Sisi: Egypt ready to become a regional hub for U.S. industries and a gateway to Africa and the Arab world. The President described investment in Egypt as a "strategic opportunity" for global investors, citing the country's political stability, robust infrastructure, and social resilience — particularly the collective will of the Egyptian people to endure and support difficult but essential economic reforms implemented over recent years. U.S. Chamber Praises Strength of Bilateral Relations In her remarks, Suzanne Clark hailed the enduring partnership between the United States and Egypt, stating that the presence of a large American business delegation reflects confidence in the Egyptian market and in the country's reform path. She highlighted the success stories of U.S. companies already operating in Egypt — particularly Apache Corporation — as proof of the mutual benefit achievable through closer cooperation. President El-Sisi and American CEOs explore prospects for an industrial zone in the Suez Canal Economic Zone. Clark also noted that American firms in Egypt are not only turning profits but are contributing meaningfully to job creation, technology transfer, and development goals, aligning with Egypt's vision for inclusive and sustainable growth. President Reiterates Commitment to Economic Reform and Private Sector Empowerment During the wider meeting with representatives from major U.S. corporations, President El-Sisi reiterated Egypt's commitment to creating an enabling environment for foreign investment. He outlined the government's economic reform program, legislative adjustments, and infrastructure megaprojects, all of which aim to attract capital and improve competitiveness. High-level talks in Cairo underscore commitment to expanding U.S. investments in Egypt's growing economy. The President highlighted Egypt's readiness to welcome both new and expanding U.S. investments, especially in energy, green economy, manufacturing, logistics, agriculture, and technology. He stressed that any concerns or obstacles facing American investors would be swiftly addressed through dedicated government support mechanisms. El-Sisi also emphasized the state's policy to strengthen the role of the private sector in driving economic growth, underscoring the government's efforts to strike a balance between macroeconomic stability and inclusive development. Looking Ahead: A Deeper Strategic Partnership The meeting concluded with a shared acknowledgment of the importance of enhancing trade and investment between Egypt and the United States. Both sides recognized the evolving global economic landscape and the need for resilient partnerships that generate growth, innovation, and mutual benefit. President El-Sisi meets top U.S. business leaders, reaffirming Egypt's commitment to strategic economic partnership. President El-Sisi reaffirmed Egypt's appreciation for its longstanding partnership with the U.S., expressing confidence that stronger cooperation in business and investment would serve as a cornerstone of a deeper strategic alliance.
Egypt Today
26-05-2025
- Business
- Egypt Today
Egypt looks forward to becoming major industrial hub for American industries, President Sisi
CAIRO – 26 May 2025: Egypt's President Abdel Fattah El Sisi received a delegation of US businessmen participating in the Egyptian-US Economic Forum held in Cairo. The delegation was headed by CEO and President of the U.S. Chamber of Commerce Suzanne Clark and Chairman of the US-Egypt Business Council and CEO of Apache Corporation John J. Christmann. Also present were Prime Minister Dr. Moustafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Eng. Kamel El-Wazir, Minister of Planning, Economic Development and International Cooperation Dr. Rania Al-Mashat, Minister of Foreign Affairs, Emigration and Egyptian Expatriates Dr. Badr Abdel-Atty and Minister of Investment and Foreign Trade Eng. Hassan El-Khatib. The Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said the President first met with Ms. Clark and Mr. Christmann before being joined by the members of the delegation. The President expressed Egypt's readiness to cooperate with the American business community and investors in all economic fields of mutual interest, in light of US President Trump's support to enhancing cooperation between Egyptian and American companies. President El-Sisi affirmed that Egypt looked forward to becoming a major industrial hub for American industries, also serving as a large market and a gateway to the Arab region and the African continent, in light of the strong relations Egypt shares with the continent's countries. The President also affirmed that Egypt looked forward to establishing an American industrial zone in the Suez Canal Economic Zone and emphasized that Egypt was ready to provide all the necessary facilities to American investors, noting that investing in Egypt is an opportunity for any investor, as it enjoys both political and societal stability, based on the awareness of citizens and their resilience in enduring the major and harsh economic reforms that were implemented to achieve the public interest, in light of the difficult political circumstances that the region is experiencing and their ensuing repercussions. Clark noted that the delegation's visit to Egypt confirms the strength and solidity of the strategic alliance between Egypt and the USA. She explained that American companies operating in Egypt have achieved significant successes and contributed to the development process in Egypt, and are considered a model to be emulated in the success of cooperation between the two countries, similar to the Apache Corporation. This was highly valued by the President, who expressed his appreciation for the success of Apache's business in Egypt and the expansion of its scope of work.
