CAIRO: President Abdel Fatah al-Sisi discussed Egypt’s economic programs and two mega projects during a Tuesday meeting with U.S. businessmen on the sidelines of his visit to New York to attend the United Nations General Assembly, according to state-owned Middle East News Agency.
Sisi reviewed with members of the American Chamber of Commerce and the Joint Business Council the potential growth of Egypt’s economy, reform plans and the political leadership long-term vision, Minister of Investment Ashraf Salman said Tuesday.
“The American companies hailed the Egyptian economic program offered by the President,” said Salman.
Salman explained that the U.S. firms welcomed the program as the President reviewed all of its details, the timeframe and figures achieved so far, in addition to the Suez Canal project and the other mega projects which Egypt has started to launch.
The Minister added that “these programs will help accelerate economic growth and achieve sustainable development.”
Several U.S. companies decided to meet Egyptian officials to discuss the establishment of solar power stations in Egypt, Salman said. They are planning visit Egypt on Sept.30 to bid for establishing solar power stations, according to the minister.
Minister of Supply and Internal Trade Khaled Hanafi announced that the President has discussed two “giant” projects with U.S. businessmen to be implemented in Egypt, according to MENA.
The first project is aimed at establishing a tourism city in the Suez Gulf area, Hanafi said.“This project will offer 500,000 job opportunities, with initial costs worth 40 billion EGP,” Hanafi stated, reiterating that American businessmen have welcomed the project.
Hanafi added that the president is addressing the U.S. private sector in a different manner, seeking to lure American investments to Egypt.