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AmCham prepares investment plan to improve relations between Egypt, US - Daily News Egypt

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AmCham prepares investment plan to improve relations between Egypt, US

Connections with business and capital circle in America to enhance investment and trade

The American Chamber of Commerce (AmCham) in Egypt said in a report that the new board of directors headed by Tarek Tawfik is preparing to manage several important files after the noticeable improvement of American-Egyptian relations.

The new board of directors is expected to study the results of the work of the “Door-Knocking” mission once it is officially assigned to manage its tasks. The mission started its work in Washington on Sunday.

The new board is expected to start its work officially on 21 May.

AmCham finalized the results of the election of the board of directors several days ago, which resulted in Tarek Tawfik becoming the chairperson of the board. David Chi, chairperson of Apache Egypt, became the vice chairperson of the chamber for the American side. Ahmed Abo Ali became the chamber’s vice chairperson for the Egyptian side.

Khaled Abubakr, chairperson of Taqa, became vice chairperson of programme affairs in the chamber; Dalia Wehbe became the vice chairperson of member affairs; Alaa El Din Afifi, representative of ASCOM, became treasurer; Tarek Mohanna became the vice chairperson for legal affairs; and Girgis Abdul Shaheed, Hossam Al Dandarawi, and Seif El-Din Al-Sadiq became members of the board.

The board will handle carrying out communications with decision makers in the US and the business community, as well as prepare an investment plan following the noticeable improvement in the relations between the two countries. It will also manage cooperation between Egypt and large financial institutions, including the International Monetary Fund, according to the AmCham’s report.

The board is preparing to communicate with banking and financial institutions in order to look at the latest developments in the economic, financial, and banking reforms in Egypt and present investment opportunities in future projects over the upcoming months to provide the financing necessary for their implementation.

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