FM Participates in U.S.-Egypt Economic Forum to Promote Strategic, Investment Ties

Badr Abdelatty, Egypt’s Minister of Foreign Affairs and Immigration, participated, on Monday, in U.S.-Egypt Economic Policy Leaders Forum, hosted in Cairo under the patronage of President Abdel Fattah El-Sisi.

The event was organized in coordination with the U.S. Chamber of Commerce in Washington and was attended by Suzanne Clark, President and CEO of the U.S. Chamber of Commerce, Eng. Omar Mehanna, Chairman of the American Chamber of Commerce in Cairo, along with over 80 CEOs and senior executives from major American companies.

Ambassador Tamim Khallaf, the spokesperson for the Ministry of Foreign Affairs, stated that Abdelatty delivered a keynote speech in a special session titled "Strategic Relations Between Egypt and the United States."

In his remarks, he praised the depth of the strategic partnership between the two countries, emphasizing that economic and trade relations are a cornerstone of this partnership and serve shared interests.

Moreover, he affirmed that advancing economic and trade ties, attracting American investments to Egypt, and enhancing existing investments are top priorities for the Egyptian government.

FM also expressed Egypt’s aspiration to attract more U.S. direct investment, highlighting the wide range of opportunities available in the Egyptian market across multiple sectors.

Furthermore, he underlined the readiness of the Egyptian government and its institutions to cooperate with American and international companies and ensure a smooth entry into the Egyptian market.

In this context, he outlined the recent steps and reforms undertaken by Egypt to improve the investment climate and business environment, reiterating the government’s commitment to implementing economic reforms and empowering the private sector as a primary driver of development.

Abdelatty also voiced his hope that this forum would serve as a launching point for future events and platforms that deepen economic and investment cooperation between Egypt and the United States.

In addition, FM addressed Egypt’s stance on several regional challenges.

He discussed Egypt’s ongoing efforts to restore a ceasefire in Gaza and ensure the delivery of humanitarian aid, stressing the importance of reaching a permanent and just political solution to the Palestinian issue.

He also outlined Egypt’s positions on the crises in Sudan, Libya, and the Red Sea, affirming Egypt’s tireless efforts to promote peace, security, and stability in the region.

Abdelatty further emphasized the implications of de-escalation in the Red Sea on maritime navigation, global trade, and supply chains.

He noted that the resumption of regular navigation in the Red Sea and through the Suez Canal serves the global economy, especially in light of recent geopolitical challenges that disrupted shipping and trade. These disruptions have imposed significant economic costs on Egypt, underscoring the urgent need to address the root causes of regional conflicts to ensure long-term stability in the Red Sea region.

In conclusion, Abdelatty took part in an interactive dialogue session focused on bilateral relations between Egypt and the United States, exploring ways to elevate economic and investment cooperation to new heights.