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Washington's ambassador to Cairo: Increasing US investment flows in Egypt to $2 billion

Mohamed Maait, Minister of Finance, affirmed that we are keen to provide an environment that encourages national investment and attracts foreign investments, thus contributing to attracting more American investments in various economic sectors to Egypt.


The minister added, during his meeting with the American ambassador in Cairo, Jonathan Cohen, that we are working to develop and modernize our tax and customs systems to keep pace with international standards, which helps in attracting and encouraging investments, pointing out his keenness to solve any problems facing investments operating in Egypt, to stimulate investment in various sectors and develop the movement. Internal and external trade, and strengthening the structure of the national economy.


He also indicated his keenness to consult with the business community when preparing the draft customs law and its executive regulations.


The American ambassador in Cairo, Jonathan Cohen, said that American companies have injected investments in Egypt to reach $1.5 billion by 2020, stressing his aspiration to increase the flows of American investments in Egypt to reach $2 billion during the current year. He added that an American company plans to inject investments worth 5 billion dollars. Billions of dollars over the next five years, explaining that he personally communicates directly with many groupings of American companies, urging them to explore promising opportunities to invest in Egypt.


During the meeting, the two sides affirmed the strength of the strategic relations between Egypt and America, and the keenness of the political leadership in the two countries to enhance joint cooperation in various fields.


The meeting was attended by Ahmed Kajouk, Deputy Minister for Financial Policies and Institutional Development, Shahat Ghaturi, Head of the Customs Authority, Dr. Hossam Hussein, Advisor to the Minister of Finance for External Relations, Nisreen Lashin, Head of the Investors Support Unit, and Doaa Hamdi, Acting Head of the Foreign Relations Unit.