AmCham
The minister noted that the cooperation culminated in the launch of the U.S.-Egypt Joint Economic Commission in May 2023.
Minister of Foreign Affairs Sameh Shokry convened Monday with a delegation from the American Chamber of Commerce.
Omran briefed the AmCham delegation on the measures taken by the FRA to attract foreign investments to this sector, citing a recent initiative launched last November to establish a financing mechanism for start-ups, innovations and digital technologies.
“U.S. food and agricultural exports to Egypt grew 145 percent from 2017 to 2018,” he noted.
The top 50 leading American companies attended AmCham’s U.S. Business Mission to Egypt.
The company intends to direct more than $16 million to develop the production lines of the beverages sector.
Small enterprises and entrepreneurships will be financed by $30 million.
Exports recorded $60 million annually. Former Trade Minister Tarek Kabil sent an official letter demanding to establish a free trade zone between Egypt and US.
A wrap-up of the most prominent business news of the day.
A delegation of 50 big American companies will be visiting Egypt in October, Head of the American Chamber of Commerce in Egypt Tarek Tawfik said.
A wrap-up of the most prominent business news of the day
The minister's statements came to encourage further enhancement of the American investments in Egypt.
A wrap-up of the most prominent business news of the day
Bilateral Trade between Egypt and the U.S stood at $5.61 billion in 2017, compared to $4.97 billion in 2016, Trade Minister Tarek Kabil said.
The delegation will take part in a door-knocking mission to Washington in the coming period.
Mohieldin said that it is important to address demographic shifts to achieve economic development.
Minister of Investment Sahar Nasr briefed American investors with legislative reforms on the business side.
Egypt’s government is finalizing an inclusive investment map that will encompass investment opportunities in all governorates
