29 June 2012

Egypt: U.S. Ambassador - U.S. Government Keen for Peaceful Transition of Power in Egypt

The U.S. Ambassador in Cairo Anne Patterson affirmed that U.S government is keen for the peaceful transition of power in Egypt and that it will support the new Egyptian government to pave the road for broadening business and competitiveness.

The Egyptian people's success to bring to power their first freely-elected president is a step on the road to real democracy in the country, Patterson said.

Giving a word at the go-ahead ceremony of the first center for integrated services at the American Chamber of Commerce in Alexandria, Patterson voiced the US administration's keenness on backing post-revolution Egypt, especially through encouraging small and medium enterprises (SMEs) via offering necessary facilities to the Egyptian private sector.

Egypt's free economy will lure more foreign investments and create new jobs, Patterson underlined, adding that Alexandria, particularly the North Coast area, is a tourism investment attraction region.

The center is a model of Egyptian-US partnership, Patterson said, adding that the center would back trade and industrial competition in Egypt and provide businessmen and entrepreneurs with integrated business services.

Speaking at the ceremony, Local Development Minister Mohamed Attiyah said that his ministry, in cooperation with other ministries, decided to set up similar centers in all Egypt's 27 governorates to provide vital services for those working in exportation and importation activities.

For his part, Alexandria Governor Osama el-Fouli said that Alexandria will gradually shift to the first model of e-government in Egypt.

The center is an important step that would help in luring more local investments and securing new jobs, said Chairman of the Federation of Egyptian Chambers of Commerce Ahmed el-Wakil.

The federation, in cooperation with the European Union and the US Agency for International Development (USAID) have signed agreements to provide advanced training courses to modernize the business sector in Egypt, Wakil noted.

Nearly 4 million euros were allocated for improving the services offered to Egyptian entrepreneurs, Wakil added.

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