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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.
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.
