Growing Bilateral‌ trade

Abdel Aziz El-sherif, Head of‌ the Egyptian Commercial Service (ECS), met with Paul​ Oliva, US Foreign Commercial Service Officer, and Jennifer Patterson, ⁢who oversees trade ⁣and investment at the US Embassy ‌in Cairo, too discuss expanding​ economic cooperation between Egypt and the United States.⁢ The meeting ⁢reflects a period of strong momentum in Egyptian-american relations, ‍with ‌both sides seeking to increase bilateral trade and US investment in Egypt.

Trade between Egypt and ‍the United States reached⁢ approximately $8.6 billion in ⁤2024, with Egyptian exports‍ accounting for $2.5 billion. During⁤ the first half of 2025, trade exchange totaled $5.6 billion,a 14%​ increase from the $4.9⁤ billion recorded during the same period in 2024.

US Investment⁢ in Egypt

As of February 2025,US investments ⁢in Egypt stand at roughly ‍$9.44 billion,including $2.47⁤ billion in direct American contributions. These ‍investments‌ are distributed ⁣across 2,016 companies operating in sectors such as finance, industry, services, construction, information and communication technology‌ (ICT), tourism, and⁤ agriculture.

ECS⁢ Plan for Increased Trade

The⁣ ECS is developing a plan to⁢ double trade and investment flows between Egypt and the United States. This ​plan will focus ⁤on ⁣maximizing the benefits ⁤of existing trade‍ agreements⁤ and promoting investment ⁣opportunities in advanced‍ technology, renewable energy, supply chains, and export-oriented industries.

El-Sherif highlighted⁣ Egypt’s strategic location ⁤and competitive‍ advantages as a key⁤ gateway to ⁢regional markets. ‍The plan also aims ​to​ strengthen‍ ties between the business communities of both​ countries and attract more American companies to⁤ invest in Egypt.

Oliva affirmed growing ‍interest among American companies in⁣ exploring ⁣opportunities within the‍ Egyptian market, especially given ongoing economic reforms and ​emerging​ investment prospects.