News

Sisi in Singapore: Investment and Anti-Terrorism Lead the Agenda

Sisi in Singapore: Investment and Anti-Terrorism Lead the Agenda

President Abdel Fattah al-Sisi in Singapore, the first stop of an Asia tour that started on August 30, 2015. Presidency handout
President Abdel Fattah al-Sisi in Singapore, the first stop of an Asia tour that started on August 30, 2015. Presidency handout

Egyptian President Abdel Fattah al-Sisi discussed counter terrorism with Singaporean counterpart Tony Tan Keng Yam on Monday, the state news agency MENA reported.

Sisi is leading a delegation on a three-stop Asian tour to Singapore, China and Indonesia.

The Egyptian president landed in Singapore on Sunday and has held talks with his counterpart on regional and international matters of mutual interest.

Sisi also met with Singaporean businessmen and investors with activities in Egypt, as well as those interested in entering the Egyptian market, MENA said.

Egypt has been working hard to attract cash in-flows to boost the economy which has been battered by years of political turmoil.

Sisi discussed the legislative and administrative facilitation made for foreign investors, addressing potential investment opportunities.

Egyptian Investment Minister Ashraf Salman and Suez Canal Authority Chairman Mohab Mamish presented the Singaporean investors with opportunities to invest in the “New Suez Canal” project.

On August 5, 2014, Sisi launched a mega project to deepen the Suez Canal and dig a parallel canal to admit larger ships and reduce navigation time, thus reducing costs.

The digging was completed a year after the green light to start project was issued. Egypt hosted a major event earlier this month in celebration.

But the project is far from complete because it has a longer-term developmental aspect.

On the long-run, the entire region surrounding the Suez Canal is slated to be developed, turning the strategic waterway into a comprehensive global business centre where maritime services are provided.

Already past one year into his rule, Sisi’s administration has been heavily pouring efforts into attempting to improve the country’s economic condition.

Last week, a diplomatic source said Sisi’s tour will be predominantly economic.

From Singapore, Sisi will visit China before making a final stop in Indonesia.

12 Injured After Severe Turbulence Rocks EgyptAir Flight
Anti-Littering Campaign Imposes Hefty Fines on Shop Owners with No Trash Bins in Cairo

Subscribe to our newsletter


  • Pingback: Nassau food tour showcases down-home Bahamian fare()

  • Commander_Chico

    There will be little foreign investment in Egypt until there is rule of law.

  • I will show excellent internet job opportunity… three-five hrs of work /a day… Payment at the end of each week… Bonuses…Payment of 6-9 thousand dollars /a month… Merely several hrs of spare time, desktop or laptop, most basic knowing of web and dependable internet& connection is what is needed…Get more information by visiting my page

News
@AswatMasriya_En

Aswat Masriya is a Thomson Reuters Foundation-sponsored website that covers Egypt's transition to democracy. en.aswatmasriya.com

More in News

Teenage FGM Rate Declines Amid Ongoing Fight to Stop the Practice Around Egypt

Egyptian StreetsFebruary 19, 2018

Khaled Ali’s Party Acquits Him of Sexual Misconduct Following Accusation

Egyptian StreetsFebruary 18, 2018

Egypt’s Cycling Team Wins the 2018 African Championship

Egyptian StreetsFebruary 18, 2018

Egypt’s Mohamed Salah Scores 30 Goals in 36 Games

Egyptian StreetsFebruary 18, 2018

Egyptian Artist Performs to Celebrate Australia’s High Achieving Students

Daniel NourFebruary 18, 2018

Al Qaeda Leader Calls On Egyptians To Topple Government

Egyptian StreetsFebruary 17, 2018

Egypt Security Forces Kill 53 Militants In Sinai Peninsula Security Operation

Egyptian StreetsFebruary 15, 2018

Egypt Expresses Sincere Condolences for the Victims of the Florida Shooting

Egyptian StreetsFebruary 15, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.