David Welch: Egypt heads to important investment stage

US ambassador in Cairo David Welch said Monday Egypt will witness an important stage of investments, for which it owns qualified infrastructure.

Addressing a popular gathering in Suez Governorate yesterday, Welch affirmed that he would promote for northwestern Suez area as a remarkable target for investments.

He expressed Washington's readiness to include Egyptian industrial zones as part of the Qualified Industrial Zones (QIZ) agreement.

Stressing he would invite US investors to come to Egypt and in particular to Suez, Welch underlined that Egypt enjoyed security and stability.