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US looks to Egypt investment

A US trade delegation is in Egypt to investigate ICT cooperation and investment opportunities.

Egypt’s Minister of Communications and Information Technology, Hany Mahmoud, this week met the delegation, which includes US government leaders and is chaired by the Acting Deputy Under Secretary for International Trade, Ken Hyatt, the US Coordinator for International Communications and Information Policy and US Deputy Assistant Secretary of State, Economic and Business Bureau, Communications and Information Policy, Ambassador Philip L. Verveer.

The delegation is described as the largest in the history of US trade missions to Egypt, comprising 31 businessmen representing 12 companies, as well as government officials.

The Ministry says the meeting looked at ways to create a better climate for  foreign investment, expansion of the outsourcing industry, and cooperation in providing innovative applications and solutions.

The talks are aimed at supporting and strengthening the links between the two countries in trade, investment and creating new jobs, as well as supporting the Egyptian companies, especially small and medium enterprises.

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