Egyptian President Anwar Sadat met a group of American businessmen in Cairo on Tuesday (14 October) and said he planned to ask U.
Egyptian President Anwar Sadat met a group of American businessmen in Cairo on Tuesday (14 October) and said he planned to ask U.S. President Ford for a nuclear reactor for the desalination of sea water.
The President told the 50-man delegation, led by Mr. Thomas Murphy, General Motors Chairman, that he would make the request when he visits the United States later this month.
The delegation made it plain that they would like to deal with the private sector in Egypt because "it is the private sector we understand".
President Sadat promised the delegation that very soon the private sector would be very important. He said he also wanted American technical know-how and hoped Cairo would shortly become the centre for Arab business.
Mr. Murphy said after the 20-minute meeting at the President's countryside resthouse in the Barrages on the outskirts of Cairo that there were real opportunities for American investment in Egypt.
The American delegation has probed prospects for economic investment with Egyptian Prime Minister Mamdouh Salem and other leading economists.
The delegation was in Egypt for a three-day conference on investment possibilities in Egypt.
On the same day, President Sadat had talks with the Egyptian Ambassador to Spain, Mr. Mahmud Abdel Ghaffar, who was held hostage in Madrid in September. Palestinian guerrillas occupied the Egyptian Embassy and seized the ambassador and two other diplomats. The occupation was a protest against the agreement signed between Egypt and Israel in Geneva.