Finance Minister Ahmed Kouchouk said the Egyptian government looks forward to enhancing cooperation with the United States Chamber of Commerce (USCC) to attract further foreign direct investments in different sectors in the country, in addition to establishing more Egyptian-US investment partnerships to strengthen the private sector’s contribution to the economic activity.
Kouchouk made the comments on Friday 25/10/2024 during his participation in a round-table meeting organized by the USCC, on the sidelines of the 2024 Annual Meetings of the IMF and the World Bank Group (WBG) in Washington.
The minister said Egypt has promising opportunities in diverse competitive sectors, adding the government is determined to create an attractive and investor-friendly environment.
He added the government’s economic ministerial group drew up a comprehensive and ambitious plan to increase the involvement of the private sector in the national economy.
Kouchouk stated the government is aimed at cutting investment costs in Egypt to boost production rates and push forward the economic growth, noting his ministry cooperates with the Investment Ministry to reduce tax burdens as much as possible and unify fees collectors.
