Egypt is qualified to attract more American investments: Min.

CAIRO - 21 April 2026: Egypt has favorable opportunities to attract more American investments in renewable energy and information technology among other sectors, according to Yahya Al-Wathiq Billah, the Minister Plenipotentiary for Economic and Commercial Affairs in Washington, D.C.

 

Minister Yahya said in statements to the Middle East News Agency (MENA) the United States is a significant trading partner for Egypt, noting that the volume of trade exchange between the two countries increased by approximately 40 percent last year.

 

Yahya Al-Wathiq Billah affirmed that Egypt has favorable opportunities to attract more American investments, particularly in sectors where Egypt possesses competitive advantages, such as: renewable energy, information technology, agricultural manufacturing, mining, and financial and logistical services.

 

He pointed out that Egypt is working to enhance its competitiveness to boost its exports to international markets, especially the American market, while taking into account regional and international developments that negatively impact international supply chains.

 

He stated that the Egyptian market offers a favorable opportunity for major companies to mitigate any disruptions in international supply chains, emphasizing Egypt's commitment to localizing industry and increasing the local component in the automotive sector.

 

He added that the Minister of Investment and Foreign Trade, Dr. Mohamed Farid Saleh, during his participation in a high-level roundtable recently hosted by the U.S. Chamber of Commerce in Washington, reviewed the package of incentives and structural reforms aimed at facilitating the business environment in Egypt.

 

He pointed out that the expansion of investment zones aims to localize industry and focus on export-oriented industries.

 

He added that the Minister of Investment and Foreign Trade also held talks in Washington, including a meeting with the Secretary-General of the International Fund for Agricultural Development (IFAD), Alvaro Larraín, which addressed ways to enhance joint cooperation and follow up on ongoing projects within the framework of the state's direction to increase agricultural exports and strengthen food security.

 

He also held talks with the Director-General of the European Investment Bank (EIB) which addressed ways to enhance cooperation and expand development financing, particularly in supporting industrial development and investment zones.

 

He explained that the state is keen to remove all obstacles facing investors and encourage the private sector.