U.S. investors target new projects in Egypt

CAIRO - 20 September 2017: Minister of Investment and International Cooperation, Sahar Nasr, met Wednesday a delegation of 19 American businessmen and investment funds, which holds $278 billion in assets around the world, according to a statement from the ministry.

During the meeting in New York, Nasr called on companies to expand their investments in Egypt, stating that the Egyptian government is keen on resolving all issues facing U.S. investors in the country.

In coordination with the American Chamber of Commerce, Egypt will organize an investment forum in 2018 to showcase investment opportunities to potential American investors, Nasr added.

Companies that attended Nasr’s meeting included Capital Business USA, Concord International, Melville, Moon Capital Management and Victoria Capital Partners.

Nasr is accompanying President Abdel Fatah al-Sisi, who headed to New York earlier this week to attend the United National General Assembly.

During the visit, Sisi met a delegation of American companies, including Apache and Boeing, which expressed intention to expand its investment in Egypt.

Chocolate’s manufacturer Mars also said they will start a new production line in their Egypt-based factory, “Mars exports 70% of its production from Egypt to the Arab world,” Nasr told local media earlier this week.