Al-Sisi discusses economic cooperation with Singapore

Doaa Farid
1 Min Read

Egypt’s President Abdel Fattah Al-Sisi met on Monday with his Singaporean counterpart, Tony Tan, and Prime Minister Lee Hsien Loong, and invited them to visit Egypt.

Al-Sisi also discussed with Lee cooperation in the energy, water, technical education, investment and maritime ports sectors. During his meeting with Singaporean businessmen, Al-Sisi said that his visit expresses a “serious” step towards opening up new aspects of Egyptian-Singaporean cooperation.

Al-Sisi also highlighted the major economic reforms that took place in Egypt in the previous fiscal year, such as reducing energy subsidies by $6bn, increasing public investments, opening mega projects such as the new Suez Canal extension, and lowering unemployment rates.

Al-Sisi started a three-day state visit to Singapore on Sunday, a first-of-its-kind visit that coincides with the south-east Asian country’s 50th anniversary of independence. The visit is a part of the Egyptian president’s Far East tour, which will also include Indonesia and China.

The delegation accompanying the president includes the Ministers of Foreign Affairs, Water Resources and Irrigation, and Investment, as well as the Suez Canal Authority Chairman, and the president’s chief-of-staff and office director.

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