U.S. Blumberg says decides to invest in Egypt after meeting Sisi

Philip Blumberg, Founder and Chief Executive Officer of the US-based Blumberg Capital Partners group of companies, said Friday his corporation decided to invest in Egypt following a meeting with President Abdel Fattah al-Sisi a year earlier.

Addressing the US Commerce Chamber, Blumberg reiterated that investments in the Middle East and North Africa could not be effective away from investments in Egypt being a major regional player and a big market, the state-run MENA news reported Friday.

Blumberg’s words came on the occasion of issuing a special edition on Egypt by the Diplomatic Courier magazine.

The business leader praised President Sisi’s keenness on boosting investments in Egypt, noting that Sisi was the most effective leader with regard to supporting economic projects in Africa and Asia.

Blumberg also said he would be proud in case Blumberg Capital becomes part of Sisi’s mega projects to build New Egypt via providing high-technology in the field of wheat storage.

Blumberg has earned a reputation for innovation and excellence in the fields of food storage and security.