CAIRO, March 15, 2018 - President Abdel Fattah El Sisi said on Thursday that he is looking forward to having more investments by the US multinational conglomerate General Electric (GE) in Egypt in the coming period, especially in the light of various promising investment opportunities offered by the country's national projects. The President's statement came during his meeting with Chief Executive Officer (CEO) and Chairman of General Electric John L. Flannery in Cairo on Thursday. Attending the meeting were Minister of Electricity and Renewable Energy Dr Mohamed Shaker, acting head of the Egyptian Intelligence Service and a host of the company's officials, Presidency Spokesman Ambassador Bassam Radi said. During the meeting, President Sisi highlighted economic reform measures adopted by Egypt to create an investor-friendly climate and push forward developmental efforts in various fields. The President also referred to the good international reputation and long experience of General Electric in the Egyptian market as well as its distinguished activities in several fields. For his part, Mr Flannery expressed his company's keenness on enhancing co-operation with Egypt in the coming period in addition to benefiting from the several available investment opportunities in the country's various sectors. GE chairman also asserted the company's full commitment to carry out projects in Egypt in accordance with the highest quality standards and the set timetables, Ambassador Radi said. Mr Flannery also praised recent economic reform measures adopted by Egypt and their contribution to enhancing the business climate and improving the outlook of the Egyptian economy. The meeting also covered the company's future plans in Egypt and the horizons for co-operation between the two sides in a number of fields, Ambassador Radi said.
