CAIRO: The American Chamber of Commerce in Egypt will host Trade and Industry Minister Tarek Kabil in a monthly lunch meeting next Monday Oct. 26, to discuss possible ways to bolster Egypt’s industrial sector.
“Deepening Egyptian industry to meet global challenges” will be the theme of the upcoming event.
The U.S ranks first among foreign investment in Egypt with roughly $22 billion, and the chamber aims to double this figure over the coming four year, Al-Ahram quoted head of the chamber Anis Aclimandos earlier in July.
Trade volume between the two countries amounted to $8 billion, including $8 billion American exports to Cairo and $2 billion Egyptian exports to Washington, according to State Information Service.
Egypt is targeting $10 billion foreign direct investment during this fiscal year,” Investment Minister Ashraf Salman said in a lunch banquet hosted by the American Chamber on Oct. 13.