The UAE was the largest BRICS investor in Egypt at $4.7 billion, followed by Saudi Arabia at $1.1 billion, China at $277.6 million, Russia at $62.4 million and India at $17.8 million.
Haines said the decision establishes "a clear pathway" to expand U.S. automotive exports to Egypt, noting that the United States exported more than $256 million worth of automotive goods to Egypt in 2025.
Out of this quantity, approximately 5 million tons were allocated for government purposes, while the remainder was intended for the private sector.
This was due to the decrease in the value of Egypt's non-oil imports, which reached $18 billion during Q4 of 2023, compared to about $19 billion during the same quarter of 2022, with a decrease rate of about 5.3%.
This came within the framework of Egypt's strategy to reduce the value of the import bill and increase the reliance on the local products.
