President Sisi meets with a group of Egyptian businesspeople and investors from a variety of industries.
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President Sisi meets with a group of Egyptian businesspeople and investors from a variety of industries.

President Sisi meets with a group of Egyptian businesspeople and investors from a variety of industries.

10/18/2022

President Abdel Fattah El-Sisi received a delegation of Egyptian businessmen and investors from various industrial sectors today, in the presence of the Prime Minister, the Acting Governor of the Central Bank, and the Ministers of Electricity and Renewable Energy, Petroleum and Mineral Resources, Planning and Economic Development, Finance, Environment, Housing, Utilities and Communities Urban, Commerce and Industry, and Adviser to the President of the Republic for Urban Development.


According to Ambassador Bassam Rady, the official spokesman for the Presidency of the Republic, during the meeting, the President emphasised the state's eagerness to continue direct interaction with investors and the business community, whose success represents support for Egypt's path toward comprehensive development and state-building, by establishing a balanced partnership with the state aimed at supporting the economy and localising industry. .


The President also reaffirmed the state's interest in stimulating investment and dealing decisively with all issues confronting national businessmen, particularly in light of their effective and influential contributions to the gross domestic product, labor-force employment rates, and administrative and organisational capabilities.


According to the official spokesman, the ministers discussed the economic developments and the promising investment opportunities available in the Egyptian market in various sectors, as well as reviewing the various components that Egypt now has, which has doubled its ability to attract foreign and domestic investments, and the efforts made at various levels in the field. Egypt in order to promote all areas of the economy, including tax and customs reforms, the growth of mechanisation and the flow of databases, and other governmental development initiatives.