Egypt has invited U.S. companies to increase investments in the country’s transportation and industrial sectors, the government said, as part of its drive to boost foreign direct investment (FDI) and economic growth.
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, made the call during a meeting with U.S. Deputy Secretary of State Christopher Landau. Discussions focused on strengthening Egyptian-American cooperation and leveraging U.S. expertise to expand domestic manufacturing and industrial capacity.
Priority sectors identified for investment include industry, renewable energy, automotive manufacturing, airport infrastructure, and technology. Al-Wazir also highlighted opportunities in Egypt’s maritime sector, specifically at development projects in the ports of Berenice, Ain Sokhna, Safaga, Alexandria, and Gargoub.
The initiative aligns with Egypt’s long-term economic targets. The government aims to achieve 7.5% economic growth by 2030, driven by private investment, exports, and human capital development. Egypt’s strategy emphasises industrial expansion, domestic and foreign investment, foreign trade, green transition, and labour market efficiency. By 2030, the country seeks to attract $24.6 billion in annual FDI and increase total exports to $145 billion.
The U.S. was Egypt’s second-largest source of FDI in fiscal year 2023/24, with inflows of around $3 billion, representing 5.3% of total investment. Bilateral trade between the two countries reached $8.6 billion in 2024, making Egypt the U.S.’s fifth-largest trading partner in the region.
Egypt has recently sought to diversify investment opportunities with green and innovative technologies. Last month, the country signed its first production license agreement for a Sustainable Aviation Fuel (SAF) project with U.S. firm Honeywell UOP. The facility in Alexandria will convert used cooking oil into aviation fuel, producing up to 120,000 tons per year.
Al-Wazir encouraged U.S. firms to establish factories and operations in Egypt to take advantage of the country’s strategic location, growing industrial base, and ongoing development of transport infrastructure. He underscored the government’s commitment to facilitating investment through incentives, streamlined regulatory processes, and partnerships that enhance industrial and technological capacity.
The meeting reflects Egypt’s broader efforts to leverage foreign investment for industrial modernisation and to position the country as a regional hub for trade, logistics, and sustainable energy production.
