Prime Minister Mostafa Madbouly said that the presence of 44 US companies in Egypt, is a promising opportunity, to pump joint investments between the two countries, and boost bilateral relations. He called on the US delegation to invest in the Suez Canal Economic Zone (SCZone), as one of the promising areas for investment. He pointed out that the private sector is a key partner in economic development, achieving high economic growth rates. Madbouly explained that Egypt received $1.6bn of foreign direct investments, during the period from the first quarter and the third quarter of 2018. The United States is the third largest investor in the country, after the United Kingdom, and Belgium, he added.

Source: Daily News Egypt October 25, 2018 17:37 UTC