Economics

Washington keen on pumping investments into Egypt: US delegation

CAIRO – 11 December 2019: A US delegation reiterated their country's keenness on pumping investments into Egypt in light of the latest legislative reforms that were carried out by the Egyptian government.
The delegation, during a meeting with Investment Minister Sahar Nasr, lauded the current national projects in Egypt, saying they provide a chance for setting up big economic partnership between Cairo and Washington.
Dana Tyrone Rohrabache, former member of the House of Representatives and former president of 'Friends of Egypt" group, was among the delegation.
The US investments in Egypt total $22.8 billion.
Rohrabache said many US companies are planning to invest their money in building factories for the production of environment-friendly plastic and building materials



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