Al-Sisi meets American companies on the sidelines of his participation in UN meetings

Mohamed Ayyad
2 Min Read

President of the American Chamber of Commerce in Cairo, Tarek Tawfik, said that the chamber is currently arranging meetings between a number of major American companies and President Abdel Fattah Al-Sisi on the sidelines of his visit to New York this month.

He told Daily News Egypt that the meetings will include explaining the reality of the economic situation in Egypt in the light of recent economic reforms.

He added that the economic situation is improving as evidenced by the positive figures that confirm the recovery of foreign direct investment and improved balance of payment figures, which has turned a corner, realizing surplus this year, instead of a gapping deficit.

During the AmCham conference on Tuesday, attended by Minister of Investment and International Cooperation Sahar Nasr, Tawfik stressed that the AmCham and the Egypt-U.S. Business Council (EUSBC) are working to organize a round table discussion with the president to review the most important indicators and results of the economic reform program and the legislative amendments to improve the investment climate in Egypt.

Egypt is approaching the issuance of the executive regulation of the new investment law, which aims to reduce the time and effort for investors.

For her part, Sahar Nasr said that the key to attracting investors is to solve problems, adding that the ministry is working to achieve this.

With regard to financial inclusion, Nasr said that all laws are linked to financial inclusion, and that the entire legislative structure can not work without the existence and application of the concept of financial inclusion.

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