A delegation of former US Congressmen has expressed that the US is eager to pump more investment into Egypt in light of the latest legislative reforms Egypt’s government has undertaken.
During a meeting with Egypt’s Minister of Investment and International Cooperation Sahar Nasr, held Wednesday, the delegation praised Egypt’s national mega projects, saying these projects are an opportunity that should be tapped for significant economic partnerships between the two countries.
The US delegation included Dana Rohrabacher, a former Republican congressman and the former chairman of congressional Friends of Egypt caucus, and Paul Behrend, a former congressman.
“A number of American companies intend to pump investments into construction and the plastics industry sector in Egypt, through building plastics material production plants, which will be eco-friendly and at low cost. The companies also plan to make partnerships with Egypt’s public and private sectors,” Rohrabacher said.
For her part, Nasr emphasized strong strategic and economic ties with the US, praising the role of Congressmen in reinforcing partnerships between Egypt and the US, especially in the economic field.
“Egypt is working on attracting investment for its national megaprojects, which meet Egyptian needs and have an added value. Furthermore, they create new job opportunities, especially for women and young people,” Nasr noted.
US investment in the Egyptian market currently stands at $22.8 billion.
Ahram Online
11/12/2019
