Egyptian Prime Minister Mostafa Madbouly has reportedly instructed his government to prepare a package of investment opportunities for US companies as the North African country pushes for foreign funding after its worst economic downturn in a generation.

What happened: In a meeting with cabinet ministers on Monday, Madbouly outlined opportunities for foreign investors in Egypt, according to Egypt’s State Information Service. The official media arm of the presidency added that Madbouly affirmed that Cairo was looking to deepen economic ties with Washington and would remove any obstacles to cooperation.

During the meeting, Egyptian Minister of Industry and Transport Kamel Al-Wazir reviewed investment opportunities that will be presented to US firms involving industrial zones,........

© Al Monitor