Egyptian FM convenes with major existing, potential U.S. investors

CAIRO – 19 September 2023: Minister of Foreign Affairs Sameh Shokry convened Monday on the sidelines of the UNGA with major existing and potential U.S. investors in Egypt to answer their queries and display the economic reform carried out by Egypt.  

In the meeting organized by the Business Council for International Understanding (BCIU), Minister Shokry noted the measures put in place to facilitate procurement of lands, consolidate governance and transparency, and alleviate financial and tax burdens.

The minister stressed the importance of taking into consideration the challenges facing global economy, and that ensued from the Russia-Ukraine War and COVID-19, incurring food and energy crises, soaring inflation, and global economic slowdown.

Minister Shokry pointed out that Egypt had been successful in containing the damage capitalizing on the financial and structural reforms. He added that Egypt had hosted in May the first meeting of the Egypt-U.S. Supreme Economic Committee where it was agreed on bolstering collaboration in the sectors of energy, environment, infrastructure, supply chains, digital transformation, food security, women empowerment, and investing in Africa.