American Economic Delegation to Visit Cairo On Sunday – Cabinet Statement

An American economic delegation is scheduled to visit Egypt on Sunday in a two-day visit to explore increased investment opportunities of American firms in Egypt, a delegation from the American Chamber of Commerce in Cairo (AmCham) said Saturday.

The delegation is expected to include 160 CEOs of more than 60 U.S. firms operating in the fields of health, energy, electricity, agriculture, infrastructure, tourism, telecommunications, and others, according to a cabinet statement Saturday evening.

Egypt’s Prime Minister Ibrahim Mahlab met with the head of AmCham and a number of its representatives earlier today, to discuss current American investments and economic projects in Egypt, and plans of expansion in the upcoming period.

Earlier in October, U.S. Secretary of State John Kerry met with President Abdel Fattah al-Sisi during the former’s visit to Cairo to attend the Gaza reconstruction conference, held to raise funds for the strip’s reconstruction after the latest Gaza war last summer.

Kerry added to Sisi that a delegation of American investors is scheduled to visit Egypt in November to explore investment opportunities in the Middle Eastern country.

The United States delivered Apache helicopters to Egypt late October, the state-owned news agency MENA reported U.S. State Department spokeswoman Jen Psaki as saying.

“Egypt is an important country within the context of international efforts to fight the Islamic State ‘Daash’,” Psaki said.

The United States has announced that it will supply Egypt with these military aircrafts after it concluded a deal with President Abdel Fattah al-Sisi during his visit to the U.S last month.

Source : Aswat Masriya