Prime Highlights
- Egypt and the US are exploring partnerships in housing, new cities and infrastructure.
- Talks also covered seawater desalination and technology transfer.
Key Facts
- Randa El-Menshawy is Egypt’s Housing Minister.
- US Chargé d’Affaires Robert Silverman represented the US in the discussions.
Background
Egypt and the United States are looking to expand cooperation in housing, urban development and infrastructure, with a focus on attracting investment and bringing advanced technology to major projects.
Egyptian Housing Minister Randa El-Menshawy discussed the opportunities with US Chargé d’Affaires Robert Silverman in the second week of August. The talks focused on Egypt’s new cities, infrastructure development and potential partnerships between the Housing Ministry, US companies and international institutions.
El-Menshawy highlighted investment opportunities in Egypt’s new cities and said American companies could play a role in supporting urban development projects. She also pointed to the potential for these partnerships to increase investment in housing and infrastructure while supporting the transfer of modern technology to Egypt.
Silverman expressed interest in expanding cooperation between the Egyptian ministry and US companies. He noted that Egypt’s large urban development programme and growing investment opportunities could create new areas for American businesses to participate.
The discussions also covered water infrastructure, including seawater desalination. Each party looked at the ways in which American technical knowledge and modern technologies can assist Egypt in the construction of an effective water system.
Such cooperation is possible amid the ongoing development of Egypt’s new urban zones and infrastructure. Collaboration with foreign businesses may prove useful in financing and implementing such initiatives.
Both representatives decided to keep in touch with each other on an ongoing basis during the course of the discussion, in addition to exploring new grounds for cooperation.
The meeting highlights the increasing prospects of economic cooperation between Egypt and the USA within sectors related to urbanization, infrastructure and technologies.
