US Treasury Secretary to attend Egypt Economic Summit – Official

US Treasury Secretary Jack Lew will attend Egypt’s landmark mid-March Economic Summit, U.S. embassy’s deputy chief of mission Thomas Goldberger announced Saturday.

Egypt’s Economic Summit is set to start on March 13-15 in Sharm El-Sheikh, with the theme of “Egypt the Future”, aiming to encourage Gulf and international companies and organisations to invest in the country and contribute to its development.

Speaking to Amwal Al Ghad on Saturday, Goldberger revealed that a U.S. delegation encompassing more than 100 political and economic figures from various sectors would participate in the Egyptian economic summit.

Egypt hopes the conference – at which state agencies will unveil a raft of potential investment projects to would-be investors – will bring in some $20 billion worth of investments.