President El-Sisi Receives the Chairman of Adani Group

Today, President Abdel Fattah El-Sisi received, at his residence in New Delhi, Chairman of Adani Group of India, Mr. Gautam Adani. Adani Group is a leading integrated business conglomerate, which owns a system of companies operating in various sectors, particularly infrastructure.

The Spokesman for the Presidency said the President welcomed the Adani Group's interest in investing in Egypt, stressing his readiness to provide all necessary support to the Group and its planned future projects in Egypt, in particular through cooperation with the Sovereign Fund of Egypt. This concerns in particular ports, given the modern port chain Egypt has established on the coasts of the Mediterranean, the Red Sea and the Gulf of Suez.

The Chairman of the Adani Group said he was honored to meet with the President, confirming the Group's interest to step up cooperation with Egypt, in light of the strong and supportive political will it noted at the highest level to further development in a conducive and stable investment climate. This is consistent with the Adani Group’s endeavors to expand globally, in the light of its new strategic orientation. The company’s Chairman and CEO noted that the company is exploring and studying attractive investment opportunities in many emerging markets in India's friendly countries. He stressed his intention to forge partnerships between his group and the Sovereign Fund of Egypt, given the Fund's multiple activities and resilience.

The meeting discussed investment prospects for the Adani Group in the infrastructure sectors in Egypt, particularly the port and airport sectors, the new and renewable energy complexes and their transmission and distribution networks, the data centers and their marine and ground cable networks, as well as industrial zones for the production of green hydrogen and its derivatives.