Al-Sisi meets heads of international transport companies during TransMEA

Daily News Egypt
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Egypt’s President Abdel Fattah Al-Sisi has participated in a roundtable with the heads of major transportation and logistics international companies, during the 4th Smart Transport and Logistics Fair and Forum for the Middle East and Africa (TransMEA).

The Egyptian President inaugurated TransMEA 2021 on Sunday.

During the roundtable, the participants engaged in an open dialogue, where the president welcomed the contributions of the companies participating in the conference as partners in the current development process in Egypt. He stressed his keenness to communicate directly with foreign investors to develop the state’s cooperation with them, along with the Egyptian private sector.

Moreover, the president expressed an aspiration to increase the activity of their companies in Egypt in support of the current construction and development process, especially with regard to the localisation of industry, the transfer of knowledge and technology, training, and the refinement of technical cadres. 

Al-Sisi highlighted Egypt’s capabilities including the availability of modern infrastructure and the various sources of energy and the promising and huge opportunity that the Suez Canal Economic Zone (SCZone) provides for any investment and industrial activities, in light of a general atmosphere of full-fledged stability in the country.

In the meantime, the heads of international companies attended the meeting, stressed their interest in working in Egypt or expanding their existing projects, especially in light of the huge and promising investment opportunities provided by the public transport sector in Egypt, which serves as a gateway to maximising their investments in the Arab and African regions.

They also praised the progress made in Egypt in terms of infrastructure and the measures taken to improve the investment environment, as well as the ongoing major national projects, according to the Egyptian Presidency Spokesperson Bassam Rady. 

Rady added that the meeting touched upon a review of the current aspects of cooperation with a number of international companies in the field of public transportation, especially with regard to the manufacture of trains and electric vehicles.

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