President Abdel Fattah Al-Sisi received a delegation of Egyptian investors abroad who will participate in the fifth “Egypt Can” conference, on Tuesday.
The conference will be held from 16-17 October in the New Administrative Capital, in the presence of the Minister of Immigration and Expatriate Affairs, Nabila Makram, and the Minister of Planning, Follow-up and Administrative Reform, Hala Al-Saeed. It aims to promote Egypt’s investment climate.
According to Presidential Spokesperson Bassam Rady, Al-Sisi stressed Egypt’s keenness to interact directly with investors and the business sector of Egyptians abroad, to benefit from their experiences and proposals, and work to strengthen their ties with their homeland.
Al-Sisi stressed that Egypt aims to boost investment and achieve sustainable development across all its fields, in line with Sustainable Development Strategy: Egypt Vision 2030.
Held under the chairmanship of President Al-Sisi, the Egypt Can conference will be attended by 65 of the biggest Egyptian investors abroad, in addition to representatives of ministries, heads of major companies and civil society organisations, Egypt’s development partners, businessmen, investors and high-level Egyptian business and finance figures, aiming to integrate the role of Egyptian investors abroad into development efforts.
Furthermore, Al-Sisi showcased Egypt’s economic reform efforts and the country’s promising investment opportunities. He also emphasised its competitive advantages including, security, stability, trained labour, and the free trade agreements with Africa, the Arab region, and the European Union.
On another note, Al-Sisi met with Toyota Tsusho President and CEO Ichiro Kashitani, along with the Minister of Electricity Mohamed Shaker, and the Japanese ambassador in Cairo Masaki Nuki.
During the meeting, the president stressed the strength of Egyptian-Japanese relations, expressing Egypt’s keenness to further develop them across different fields.
Kashitani showcased projects that his company is considering implementing in Egypt in the near-future, pointing out that the volume of the company’s investments in Egypt accounts for $1bn.
Toyota Tsusho investments in Egypt is distributed across several projects in the fields of electricity generation from wind energy, oil drilling, and exploration projects.