American investments worth $200M to be pumped in Egypt by end of 2018

CAIRO – 23 October 2018: Chargé d'Affaires of the Embassy of the United States of America in Egypt Thomas Goldberger, announced that new investments of around $200 million will be pumped in the Egyptian market by the end of 2018.

Goldberger added that small enterprises and entrepreneurships will be financed by $30 million.

Goldberger’s speech came at the Conference of the American Chamber of Commerce, in the presence of Minister of Solidarity Ghada Wali.

He said that the American companies operating in Egypt play an important role in the society in light of the US commitment towards Egypt.

He also reviewed the partnership between Egypt and the US represented in the role of the American aid to the private sector and the American firms’ role in supporting and developing the Egyptian society, in addition to creating job opportunities in Egypt.

AmCham is organizing a conference for an American delegation that consists of 44 firms from October 23 - 25.

President Abdel Fatah al-Sisi met the delegation as well as the members of the American Business Council and the American Chamber of Commerce in Cairo on Tuesday, Oct.23.