Egypt

Egypt has become attractive for foreign investment: US ambassador to Cairo

US ambassador to Cairo Stephen Beecroft said the new US administration is doing its best to seek cooperation with Egypt in order to strengthen ties, indicating steps that are being developed in Washington.

Speaking to Al-Masry Al-Youm at the opening of the job fair, organized by the embassy for the third year in a row and held at the Greek Campus on Saturday in downtown Cairo, Beecroft said US President Donald Trump is a successful businessman and knows the importance of economy and what it can achieve. He indicated an upcoming focus on economic ties.

The ambassador praised the positive effect of the economic reform program carried out by the government, referring to their strong economic ties in the upcoming period, particularly as the recent reform measures have made Egypt attractive for foreign investment

In response to question on the future of US aid to Egypt, Beecroft said his country has a new administration and Congress tackles these issues.

Edited translation from Al-Masry Al-Youm

 

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