Egyptian Foreign Minister Badr Abdellati participated in a working dinner with the US Chamber of Commerce on September 21, on the sidelines of the 81st session of the United Nations General Assembly in New York. The meeting was attended by representatives of major American companies. The discussions focused on strengthening economic and trade relations between Egypt and the United States.
During the meeting, Abdellati emphasized the importance of strategic relations between Egypt and the US, and the need to expand economic, trade, and investment cooperation. He highlighted the role of the American business community in supporting the economic partnership between the two countries and increasing American investments in the Egyptian market.
Abdellati reviewed the measures taken by the Egyptian government to improve the investment climate and facilitate procedures for investors. He also discussed the ongoing implementation of the economic reform program and the restructuring of the state's role in the economy, which aims to provide a larger space for the private sector and enhance its contribution to driving growth and providing job opportunities.
The Foreign Minister highlighted Egypt's competitive advantages and promising investment opportunities, given its strategic location and access to regional and international markets. He also mentioned the significant development of Egypt's infrastructure. Abdellati invited American companies to enhance their investments in Egypt, particularly in sectors such as communications, information technology, digitalization, healthcare, and energy.
The meeting also touched on regional developments and their impact on the global economy, supply chains, energy markets, and commodity prices. Abdellati stressed the need to resolve crises through political and diplomatic solutions, which would put an end to the escalation and instability. He also reviewed Egypt's stance on the Palestinian issue, including the establishment of an independent Palestinian state with sovereignty over the 1967 borders.
The discussions also covered the importance of continuing to implement the economic reform program and the efforts to enhance the role of the private sector in driving growth. Abdellati emphasized the need for cooperation between Egypt and the US to address the challenges facing the global economy. The meeting was attended by Spokesman for the Ministry of Foreign Affairs Nader Zaki.
The working dinner was part of Egypt's efforts to strengthen economic ties with the US and attract more American investments. The country has been working to improve its business climate and implement economic reforms to drive growth and stability. The meeting with the US Chamber of Commerce is seen as a positive step towards enhancing economic cooperation between the two nations.
Key points
- Egypt's Foreign Minister Badr Abdellati met with the US Chamber of Commerce to discuss ways to increase American investments in Egypt.
- Abdellati emphasized the importance of strategic relations between Egypt and the US, and the need to expand economic, trade, and investment cooperation.
- The meeting covered regional developments, economic reforms, and investment opportunities in Egypt.
