On September 21, Egyptian Foreign Minister Badr Abdelatty attended a working dinner with the US Chamber of Commerce in New York, on the sidelines of the 81st session of the UN General Assembly. The meeting was attended by representatives of major US companies. Abdelatty emphasized the importance of strategic relations between Egypt and the US, and the need to expand economic, trade, and investment cooperation.
Abdelatty highlighted the Egyptian government's efforts to improve the investment climate and simplify procedures for investors. He also mentioned the ongoing implementation of an economic reform program and the restructuring of the state's role in the economy, to create more space for the private sector and enhance its contribution to growth and job creation.
The minister showcased Egypt's competitive advantages and promising investment opportunities, given its strategic location and access to regional and international markets. He also highlighted the significant development of Egypt's infrastructure. Abdelatty invited US 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. Abdelatty stressed the need to resolve crises through political and diplomatic solutions, to put an end to escalation and instability. He reviewed Egypt's stance on the Palestinian issue, including the establishment of an independent Palestinian state with sovereignty.
Abdelatty's presentation focused on the government's efforts to enhance the business environment and encourage investment. He cited measures to improve the efficiency of state institutions and promote transparency. The minister also highlighted Egypt's large and growing market, as well as its highly skilled workforce.
The US Chamber of Commerce meeting provided a platform for Egyptian and US business leaders to explore opportunities for cooperation and investment. Abdelatty's engagement with US companies reflects Egypt's efforts to strengthen economic ties with the US and attract foreign investment. The Egyptian government has been working to promote investment and improve the business climate.
The meeting between Abdelatty and US business leaders demonstrated Egypt's commitment to fostering economic cooperation with the US. Both sides recognized the potential for growth and investment in various sectors. Egypt's participation in international forums, such as the UN General Assembly, offers opportunities for dialogue and cooperation with global partners.
Key points
- Egyptian Foreign Minister Badr Abdelatty met with US business leaders to discuss investment opportunities and economic cooperation between Egypt and the US.
