Egypt, U.S. Mark $47B Investment over past 20 years: Prime Minister

Egypt Today

25-05-2025

CAIRO – 25 May 2025: During the opening session of the 2025 U.S.-Egypt Policy Leaders Forum, Prime Minister Mostafa Madbouly announced that more than 1,800 American companies are currently operating in Egypt, with cumulative U.S. investments surpassing $47 billion over the past 20 years. He praised the American Chamber of Commerce in both Egypt and the U.S. for organizing the forum, calling it a vital platform to strengthen strategic dialogue and mutual cooperation.
In his address, Prime Minister Madbouly underscored the deep-rooted economic partnership between Egypt and the United States, built on mutual respect, shared prosperity goals, and decades of constructive engagement. He emphasized that the forum reflects Egypt's unwavering commitment to the private sector, which is central to the country's long-term development vision.
He highlighted the government's implementation of the State Ownership Policy Document, which clearly defines sectors where the state plans to reduce or withdraw its role—sending a confident signal to both domestic and international investors. This marks a decisive step toward redefining the government's role in the economy and creating more space for private enterprise.
Madbouly also pointed to the growing use of Public-Private Partnerships (PPPs) across essential sectors including transportation, renewable energy, education, and water infrastructure, enabling the private sector to help shape Egypt's strategic assets. To facilitate investment further, the "Golden License" initiative was introduced, offering a one-stop approval process by the Cabinet to streamline project setup and reduce red tape.
Reflecting on Egypt's development achievements over the last decade, the Prime Minister cited multibillion-dollar infrastructure investments that have transformed the nation's economic landscape. These include massive upgrades to road and rail networks, the modernization of ports and airports, expanded energy capacities, and the development of new logistics and industrial zones.
He also spotlighted flagship national projects such as the expansion of the Suez Canal, the creation of 24 new cities, and the launch of the New Administrative Capital, which together lay the groundwork for a forward-looking economy centered on balanced regional growth, economic diversification, and increased global investment.