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American investments in Egypt hit $7.6B

Mon, Nov. 18, 2019
CAIRO - 18 November 2019: The United States of America invests about $7.6 billion in Egypt, according to Deputy Assistant Secretary for Manufacturing at the U.S. Department of Commerce’s International Trade Administration Ian Steve.

"Through our relationship with Egypt, we support the private sector that can create jobs and achieve growth," Steve said Monday at the Business Forum organized by the American Chamber of Commerce.He further pointed out the importance of exchanging official visits to strengthen bilateral relations given Egypt's great importance in the region.

Steve stated that the US Chamber and the Joint Business Council are significant factors of support for the economic relations between the two countries."We are working together to strengthen economic relations between the two countries, especially in light of President Trump's keenness to stabilize the region and achieve sustainable growth," he said.

Minister of Trade and Industry Amr Nassar said earlier on Monday that trade exchange between Egypt and the United States of America reached $5.508 billion during the first nine months of 2019.

 
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