Egyptian Foreign Minister Badr Abd al-Atti has underscored the significance of the US business community in supporting the economic partnership between Egypt and the US. This statement was made during his participation in a working dinner with the American Chamber of Commerce on the sidelines of the 81st session of the UN General Assembly in New York. The event saw the attendance of representatives from major American companies.
According to a statement by the Ministry of Foreign Affairs, Abd al-Atti emphasized the strategic relations between Egypt and the US, stressing the need to expand economic, trade, and investment cooperation. This expansion aims to align with the depth of relations between the two countries and achieve their mutual interests. The minister highlighted Egypt's efforts to improve the investment climate and facilitate procedures for investors.
The minister reviewed the measures taken by the Egyptian government to enhance the investment environment and simplify procedures for investors. He also mentioned the ongoing implementation of the economic reform program and the restructuring of the state's role in the economy. These steps aim to provide a larger space for the private sector and boost its contribution to driving growth and creating job opportunities.
Abd al-Atti drew attention to Egypt's competitive advantages and promising investment opportunities. He cited the country's strategic location, which offers access to regional and international markets, as well as the significant development of its infrastructure. The minister invited American companies to increase 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. Abd al-Atti stressed the necessity of resolving crises through political and diplomatic solutions. This approach aims to put an end to the escalation and instability cycle. The minister also reviewed Egypt's stance on the Palestinian issue, emphasizing the establishment of an independent Palestinian state.
Egypt's position on the Palestinian issue is centered on the establishment of a sovereign Palestinian state based on the June 4, 1967 lines, with East Jerusalem as its capital. The minister also called for the cessation of settlement activities and the end of occupation, which would contribute to achieving peace and stability in the region. The discussions also covered the importance of cooperation between Egypt and the US in addressing regional challenges.
The engagement between Abd al-Atti and the US business community reflects the ongoing efforts to strengthen economic ties between Egypt and the US. By promoting investment and cooperation, both countries aim to enhance their bilateral relations and address common challenges. The Egyptian government remains committed to implementing reforms and improving the business environment to attract more foreign investment.
Key points
- Egyptian Foreign Minister Badr Abd al-Atti emphasizes the importance of the US business community in supporting Egypt-US economic partnership.
- Abd al-Atti highlights Egypt's efforts to improve the investment climate and facilitate procedures for investors.
- The minister invites American companies to increase investments in Egypt, particularly in sectors such as communications, IT, and energy.
