U.S. Chamber Leads Business Delegation to Egypt

Tuesday, October 25, 2016 - 8:00am

Business Leaders Explore Trade, Investment Opportunities, Showcase CSR Work

WASHINGTON, D.C.—The U.S. Chamber of Commerce this week led a large business delegation to Cairo, Egypt, to explore commercial and investment opportunities in the country and learn about economic reforms being pursued. With more than 130 business executives from over 55 companies participating, this sizeable group demonstrates the U.S. business community’s commitment to the bilateral relationship and its optimism for the nation’s future.

“As Egypt continues to transition and work toward economic stability, the U.S. Chamber and our member companies have remained consistent in our support of a strong bilateral economic relationship between our nations,” said Khush Choksy, senior vice president for Middle East Affairs at the U.S. Chamber. “Our large delegation signals to President Sisi and his team and the Egyptian business community that we are hopeful for Egypt’s future and confident that its best days are ahead. Two-way trade and investment have brought substantial benefits to both American and Egyptian companies, fostering economic growth and job creation in both countries, and we are excited to have this chance to explore new opportunities in a variety of sectors.”

In meetings with Egyptian government officials and private sector leaders, including Egyptian President Abdel Fattah el-Sisi, the delegation encouraged the government to collaborate with the business community on policy and regulatory reforms that could improve Egypt’s business environment, make it more competitive in the region, and spur investment, growth, and job creation.

Delegation leaders include John Christmann, chairman of the U.S. Chamber’s U.S.-Egypt Business Council and CEO and president of the Apache Corporation; Greg Lebedev, senior advisor to the president and CEO of the U.S. Chamber and Chairman of the Center for International Private Enterprise (CIPE); Choksy; and Ambassador David Thorne, senior advisor to the U.S. Secretary of State.

“While our primary focus is to deepen and expand the commercial relationship, this delegation highlighted that U.S. businesses are doing more than just contributing to Egypt through jobs and investments,” said Steve Lutes, executive director of the U.S.-Egypt Business Council at the U.S. Chamber. “Time and again, American companies have proven to be a part of Egypt’s social fabric by making substantial impacts in the local communities where they operate through a number of corporate social responsibility projects. Whether it’s in education, health, or other areas, U.S. businesses are making a difference and improving peoples’ lives in Egypt.”

For examples of CSR programs being performed in Egypt by members of the U.S.-Egypt Business Council, click here.

The U.S.-Egypt Business Council is the only advocacy organization in the United States dedicated solely to representing U.S. companies doing business with Egypt and dedicated to strengthening the countries’ bilateral economic relationship.