Minister of Industry Khaled Hashem said US firms had an opportunity to build data centres that use artificial intelligence to serve the industrial sector in both local and neighbouring markets.
He also pointed to potential investments in renewable energy plants, as well as the installation and operation of energy systems in Egypt's industrial zones.
The invitation was issued during a meeting on Tuesday between Minister Hashem and a delegation from the American Chamber of Commerce in Cairo (AmCham).
The minister said the move was in line with Egypt's goal of boosting private sector-led growth, as per its national industrial strategy, which is currently under review, according to a statement released from the industry ministry.
Under the strategy, Egypt is targeting economic growth of 7.5 percent by 2030, driven by private investment, exports and human capital development.
Additionally, Egypt aims to attract $24.6 billion in annual foreign direct investment (FDI) and raise total exports to $145 billion.
Other elements of the strategy include a new financing model based on industrial investment funds to allocate capital into manufacturing projects and support sustainable economic growth, as well as the creation of "productive villages" to support local industries outside Cairo.
Egypt has been building centres to expedite digital transformation and establish an integrated data infrastructure that supports government operations, private-sector engagement, and cloud computing capabilities.
This sector is expected to grow by 6.98 percent per year, between 2025 and 2030, with total market revenue to reach almost $739 billion by 2030.
Egypt’s second national AI strategy is targeting to attract investment and generate around $42.7 billion in AI-related economic value, with AI making up 7.7 percent of the GDP by 2030.
The US is expected to remain the world’s biggest contributor to the AI sector, generating $171.9 billion in 2025 alone.
American AI companies have been viewing Egypt as a regional hub for expansion, talent development, and digital innovation.
Manufacturing in Egypt is the second largest beneficiary of American investment, making around $896.8 million as of February 2025.
This accounts for 35 percent of US non-petroleum capital, according to AmCham data.
Bilateral trade reached $8.6 billion in 2024, making Egypt the US’s fifth-largest trading partner in the region.
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