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US investments in Egypt reach $21.8bn over the past 12 months

United States (US) investments in Egypt totals to $21.8 billion over the past 12 months according to

US investments in Egypt totalled $21.8 billion over the past 12 months according to Egypt’s Minister of Trade and Industry, Nevine Gamea.  The investments are in sectors such as tourism, agriculture, service, industrial, construction, telecommunications and information technology. 


The minister also added that the trade exchange between the US and Egypt reached $8.618 billion in 2019 compared to $7.53 billion in 2018. 


Gamea’s remarks came during a meeting with a delegation from the US Department of State headed by Keith Krach, Under-Secretary of State for Economic Growth, Energy and the Environment who were in the country to discuss joint economic cooperation. 

She also noted that economic relations between the two countries are strategic, based on a long history of joint cooperation in various commercial, industrial and investment fields