$200 million will be invested in Egypt by Americans, by the end of 2018, Gold Burger, Chief of Mission at the US embassy in Egypt announces.

This was announced today during the visit of a delegation of 44 American companies in Egypt in the framework of a conference of the American Chamber of Commerce (AmCham), ongoing from October 23-25, .

Gold Burger also indicates that $30 million will be invested in small companies and entrepreneurs.  

Let’s remind that in March 2018, American foreign direct investments in Egypt was $2.4 billion invested in 1,222 projects in the industry, services, construction, agriculture, and ICT sectors. These investments were equivalent to about 35.4% of the total amount invested by the US in Africa and 46.2% of it's investments in the Middle East, thus making Egypt the largest beneficiary of American investments in Africa and the second in the Middle East.

Flore Kacou