Madbouly: More than 1,800 American companies operate in Egypt with a total American investment exceeding $ 47 billion

Dr. Mustafa Madbouly, Prime Minister, stressed that more than 1,800 American companies operate in Egypt with a total American investment exceeding 47 billion dollars during the past two decades, and these companies are spread in various sectors such as: energy, industry, information technology, financial services, and health care, which reflects the strength and vitality of economic relations between Egypt and the United States of America.

this came during the speech of Dr. Mustafa Madbouly, Prime Minister, in The opening session of the Policy Leaders Forum between the Arab Republic of Egypt and the United States for the year 2025, which was attended by the team, the engineer of Kamel Al -Wazir, Deputy Prime Minister for Industrial Development, Minister of Industry and Transport, Dr. Rania Al -Mashat, Minister of Planning, Economic Development and International Cooperation, Ahmed Kajuk, Minister of Finance, Engineer Hassan Al -Khatib, Minister of Investment and Foreign Trade, Engineer Karim Badawi, Minister of Petroleum and Resources Mineral. Considering that Egypt is not only a market that includes more than 107 million people, it is also a gateway to the African continent and the Middle East and beyond, and through its wide network of trade agreements, investors provide access to more than 1.5 billion consumers. He thanked the American Chamber of Commerce, in Egypt and the United States of America, for organizing this important meeting, as well as the president, Susan Clark, the president, the executive director of the American Trade Chamber, and John Christman, CEO of Apache and the head of the American American Business Council; This is thanks to the strenuous efforts they are making in leading this elite of the leading American business leaders. Mutual, the common desire to achieve prosperity, and a long record of constructive partnerships; He pointed out that for decades, we worked tirelessly to enhance the various areas of this cooperation; Either at the bilateral level, or with regard to regional developments, in order to achieve our common strategic goals. The region and the world of accelerated transformations, accompanied by unprecedented crises at the security and political levels in the region. Frankly providing a competitive, open and stimulating environment, the private institutions enables to lead the innovation march, provide job opportunities, and achieve sustainable growth in the long term. Clearly, the sectors that the state intends to reduce or exit its role in it, in a way that sends a clear message to markets and investors about the new role of the state. This allowed the private sector a pioneering role in developing strategic national assets, explaining at the same time that it has also been created platforms for supporting investors, foremost of which is the system of the golden license & quot;, which allows through one approval – issued by the Council The Council of Ministers during its speech, so he explained that Egypt has paid great attention to enhancing the business climate, by implementing comprehensive financial and critical reforms, and the congestion of government services, and the development of modern legislative and regulatory frameworks, all of which contributed to raising the rates of transparency, increasing the ability to predict, enhance competitiveness, as the state continues to consolidate the rule of law, and works to create an attractive business environment that enables local and international investors to achieve success And prosperity. Then Dr. Mustafa Madbouly moved to talk about what the Egyptian state had done during the past decade regarding the pumping of billions of dollars in investments; In order to develop its infrastructure, by expanding the road and railway network, updating ports and airports, increasing energy capabilities, as well as creating new logistical and industrial areas. & Nbsp; It also included the efforts of the state, according to the Prime Minister, the expansion of the Suez Canal, in addition to establishing the new administrative capital, and the establishment of 24 new cities, stressing that these efforts established the foundations of a future economy that reflects a long -term vision aimed at distributing growth more balanced, diversifying the economic base, with a focus on supporting production, enhancing linking between regions, and attracting foreign investment. During his talk about the development efforts in the infrastructure and new construction, Dr. Mustafa Madbouly said: At the core of the economic transformation in Egypt, the development of our most important assets is the human being; The productive, skilled and enlarged workforce is a major driver for sustainable economic growth; Where our youth represent one of our most important resources, through their creativity, ambition and commitment to digital transformation, which prompts the growth of the sector of startups and small projects, pointing out that the state is investing in education, health care and vocational training; To ensure the workforce is ready for the requirements of future industries. In the same context, the Prime Minister said: In parallel, Egypt adopted digitization and financial inclusion as main engines for economic growth and modernization; Where digital technology plays a pivotal role in reshaping industries, promoting productivity, and expanding the financial access to all citizens, noting that & quot; Egypt’s digital strategy & quot; Efforts lead to a regional leadership in the field of digital innovation, by integrating advanced technologies such as: artificial intelligence, blockchain, Internet of Things, and huge data, in various economic sectors. Dr. Mustafa Madbouly, Prime Minister, stressed that what he presented during his speech is merely a glimpse of the unprecedented shift witnessed by Egypt led by President Abdel Fattah El -Sisi, President of the Republic, as it has shifted the way to a brighter future, with the unlimited opportunities and promising prospects. Before concluding his speech, the Prime Minister announced two important developments that directly concern the American business community in two main sectors: cars, and halal certificates for dairy products, and he said: As you know, the discussions extended with the American side showed increasing interest in the automotive sector, and requests were submitted to alleviate the restrictions imposed on the entry of full vehicles of the American origin to the Egyptian market, and in this context, issued days ago, specifically in 11, specifically in 11 May, Resolution No. 112 of 2025 for the Deputy Prime Minister for Industrial Development, Minister of Industry and Transport, which requires the cancellation of the obligation to adhere to the mandatory Egyptian standard specifications mentioned in the 44 list of goods and engineering products. He added: The World Trade Organization was notified by WTO) with these new organizational amendments, and thus the Egyptian market became open to the entry of American vehicles without any obstacle. Dr. Madbouly continued: Secondly, the permanent exemption of dairy products and its derivatives from the condition of obtaining a halal certificate upon import is a new qualitative step to enhance trade relations between Egypt and the United States; On March 12, 2025, an official notification was submitted to this exemption in accordance with the World Trade Organization agreement on technical obstacles to trade, and the Ministry of Agriculture takes the necessary measures to diversify and increase the number of entrepreneurial authorities to issue halal certificates, in addition to studying the reduction of fees for assessing the extent of conformity of products and food facilities that export goods that require halal certificates. In the same context, Egypt and the United States reached the final stages of concluding a mutual cooperation agreement between the customs administration in the two countries. The Prime Minister concluded his speech by noting that he reviewed in front of the attendees in the forum a set of paths that Egypt takes, all of which meet at one goal of achieving our vision of comprehensive economic development, by relying on our economic recovery, our structural reforms, and the empowerment of the private sector. Dynamic, and our people are ready; Let us work together to build technologies, industries and innovations that serve the interests of our two countries, and I invite you to seize every opportunity during today’s and tomorrow sessions to discover abundant investment opportunities in various productive sectors in Egypt & quot; again welcome to attend the forum, and wish them a successful forum. & nbsp;

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