Minister of Investment and International Cooperation Sahar Nasr held a meeting with 19 US investors and investment funds heads, whose total investment portfolio size is $278bn in different countries, including Egypt, in a dinner organized by the Auerbach Grayson & Co (AGCO).
The meeting was attended by the heads and managers of companies and capital funds, such as “Burns Capital Investment”, “Concord International Investments”, “Melville Investment Holding”, “Moon Capital,” and many others.
Egypt had taken a number of steps to improve the investment environment, such as introducing the new Investment Law and the Finance Leasing and Factoring Law, Nasr said, adding that to entrepreneurs, the ministry launched an initiative called “Your Idea, Your Company” to support the private sector and entrepreneurship.
Moreover, Nasr called for US investment funds to expand their investments in Egypt, explaining that the government is keen on removing any obstacles to the work of all investors in the country. She pointed out out that there are many investment opportunities, as is such in the Suez Canal Economic Zone and the New Administrative Capital, and investment opportunities in the field of renewable energy.
An investment forum is to be organised in Egypt in coordination with American investors and the US Chamber of Commerce in 2018 to review available investment opportunities of US companies, the press statement read.
On the other hand, Maged Shawki, vice chairperson of the board of directors of Beltone Financial, said that those meetings are the best way to get all the technical and financial details and information needed for future strategies by major investment funds’ managers to make investment decisions.