Over a century of strong relations between Egypt and America, the relations of the two countries have been characterized by great consensus on various regional and international issues, which led to strengthening strategic and trade relations and a unified political vision, and making Egypt a strong and effective partner in the Middle East and North Africa for America, as well as being a strong strategic center to support stability and security of allies in the entire Arab region, and from this point of view, American investment opportunities and the implementation of American commercial projects in various fields in Egypt have increased, which Making entrepreneurs need the expertise of Legal advisor for US-Egypt joint ventures, in order to implement those projects in their guaranteed legal form that achieves the profitable success of both international parties.
What about the US-Egypt joint ventures?
As the United States and Egypt mark more than a century of diplomatic cooperation and friendship, the United States stands with Egypt and the Egyptian people to promote regional security, bolster economic resilience, advance people-to-people ties, tackle the climate crisis, strengthen a critical defense partnership, and support Egyptians in their pursuit of a prosperous future which protects fundamental freedoms for all.
American firms are active in most economic sectors in Egypt, primarily in oil and gas exploration and production, with Apache Corporation, Chevron Corporation, ExxonMobil, Halliburton and IPR Energy Group operating in the market.
Here are top sectors for U.S. exports and investments in Egypt as following:
- ICT and digital economy.
- Medical equipment and supplies.
- Oil and gas equipment.
- Electricity and renewable energy.
- Safety and security.
- Water and environment.
- Education and training.
- Transportation and vehicles.
- Electrical and industrial machinery.
US-Egypt joint ventures: Bolstering Economic Opportunity
The United States and Egypt have a shared commitment to strengthening bilateral economic cooperation for the mutual benefit of the American and Egyptian people, including through expanding trade, increasing private sector investments, and collaborating on clean energy and climate technology. The United States has invested $600 million to digitize Egypt’s telecommunications sector, and Egypt has imported $5.9 billion from the United States to construct, expand, and modernize Egyptian infrastructure to meet the needs of a growing population. As Egypt continues to confront the global repercussions of Russia’s aggression against Ukraine and resulting food insecurity, the United States commends Egypt for concluding agreement with the International Monetary Fund on December 16, 2022 that is crucial to stabilizing its economy and enabling vital reforms. The United States and Egypt have committed to establishing a Joint Economic Commission that will further enhance cooperation on all economic and commercial issues.
Consortio Law Firm provide best Legal advisor for US-Egypt joint ventures
Egyptian-American relations have always been characterized by depth and permanent understanding, despite the passage of these relations with some differences at times, and this is what made the relations between Egypt and America represent a strong bridge to build international economies and commercial investments that achieve positive interaction between nations, therefore, starting and operating a business in Egypt requires a thorough understanding of local and national regulations. By cooperating with the best Legal advisor for US-Egypt joint ventures in Egypt at “Consortio Law Firm”, entrepreneurs can navigate the complexities of the licensing landscape, ensuring compliance and facilitating successful business operations in Egypt.
If you want to start your investments in Egypt, and want to know more about the legal representation of foreign companies in Egypt, contact us now through the phone number 002 01028806061 or send us a WhatsApp or email Info@consortiolawfirm.com.
