Madbouly called for consultations with American companies in Egypt, gathering their proposals, and resolving any outstanding issues.
Prime Minister Mostafa Madbouly convened a meeting today to review and advance efforts to bolster economic ties between Egypt and the United States. Madbouly called for consultations with American companies in Egypt, gathering their proposals, and resolving any outstanding issues.
In his opening remarks, the Prime Minister emphasized the government’s commitment to enhancing Egypt-US relations, in line with directives from President Abdel Fattah El-Sisi. Madbouly proposed organizing an investment forum with the United States to explore joint opportunities in key sectors and attract more US investments into Egypt. He directed the Ministry of Investment and Foreign Trade to expedite this initiative and address challenges faced by American companies operating in Egypt.
He also stressed the need to coordinate with the American Chamber of Commerce to organize a joint investment conference, reinforcing Egypt's commitment to strengthening economic cooperation with the United States.
The meeting included several high-ranking officials, including Finance Minister Ahmed Kouchouk, Foreign Minister Badr Abdel Aty, Deputy Minister of Finance Yasser Sobhy, and Ambassador Samih Abou El-Enein, among others.
Foreign Minister Badr Abdel Aty highlighted Egypt’s strategic partnership with the United States, noting that collaborative programs in renewable energy, digital transformation, and automotive industries are already underway. He also discussed progress in aligning Egypt’s vehicle import standards with American specifications, ensuring smoother trade and investment flows.
The Minister outlined ongoing efforts to implement joint development and technical cooperation programs, following Egypt’s participation in high-level UN meetings in New York. These initiatives are aimed at improving Egypt’s investment climate and addressing any obstacles that might deter investors.
Finance Minister Ahmed Kouchouk echoed these sentiments, emphasizing the importance of engaging with American companies to resolve operational challenges and explore avenues for expansion. He pointed out the positive reception of Egypt’s economic reforms by the US business community and proposed inviting leading American banks to discuss potential collaboration.
