Egypt-US fund to establish $120 mln projects in Egypt
Mounir Fakhry Abdel Nour - YOUM7 (Archive)

CAIRO, Egypt: The Egyptian-American Enterprise Fund will carry out an initiative to establish investment projects in Egypt worth $120 million, recently approved by the Congress, said Minister of Industry, Foreign Trade and Investment Mounir Fakhry Abdel Nour.

During a meeting with a visiting US State Department delegation, before its departure, Abdel Nour said Egypt has great investment opportunities waiting for more US capital.
US companies operating in Egypt have achieved huge growth rates despite the difficult conditions in the country over the past two years, Abdel Nour said.

The US administration has played an active role in backing Egypt in its present war against terrorism, he said, adding that a new leaf needs to be turned between the two countries regarding political and economic relations.

The US delegation, led by advisers to the state secretary David Thorn and Thomas Shannon, left here Thursday after a two-day visit.

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