Tag Archives: President Abdel-Fattah El-Sisi

First Large Business Delegation Visiting Egypt Since 2011

Egyptian President Abdel-Fattah El-Sisi
Egyptian President Abdel-Fattah El-Sisi

In a concerted effort to show the world and its potential investors that Egypt is a stable country in a volatile region, a large delegation of business owners and officials will spend three days visiting.

The largest delegation of its kind since the Egyptian “Arab Spring” revolution that toppled President Hosni Mubarak, among the visitors will be 66 representatives of large US companies. The delegation will meet with President Abdel-Fattah El-Sisi, Prime Minister Ibrahim Mahlab, and other Egyptian ministers and businessmen.

US-Egyptian relations have been strained since the overthrow of Islamist president Mohamed Morsi in the summer of 2013. The US froze military aid to Egypt in response to Morsi’s removal from office.

Egypt is planning a large economic summit in February 2015 in order to attract a flow of international investments into the country- an important goal after three years of political and economic instability and chaos.

Included among the delegation are representatives of a wide range of sectors, including energy, telecom, banking, logistics, food, drugs and more.