Sixty-six US companies will visit Egypt beginning on Sunday for a three-day trip, during which the companies will hold a number of meetings with President Abdel Fattah Al-Sisi, Prime Minister Ibrahim Mehleb, and a number of ministers. Bilateral meetings will also be held with Egyptian businessmen.
During a press conference organised by the American Chamber of Commerce (AmCham) held on on Wednesday, AmCham President Anis Aclimandos said that around 160 representatives of US companies specialising in different fields such as energy, pharmaceuticals, transport, and logistics would accompany the US delegation.
He said that changes in the Egyptian economy has encouraged these companies to visit Egypt, especially since the government has shown a real desire to make adjustments to investment and labour laws and issued the new energy tariff.
He went on to say that “the mere intent of these companies to attend is a good indicator, reflecting that Egypt has real opportunities”.
A significant change has taken place in American attitudes toward Egypt, especially following Al-Sisi’s visit to the United States and his meeting with major US companies, which garnered very positive reactions, claimed Aclimandos.
He said that this visit is an exploratory one during which the American companies will meet with their Egyptian counterparts to find common opportunities amongst themselves.