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Business

British Amb.: 2018 to witness new investment waves in Egypt

Thursday 18/January/2018 - 05:20 PM
Sada El Balad
Hassanein Tayea
British Ambassador to Egypt John Casson voiced his optimism that 2018 will witness a new wave of job-creating British investments in a range of sectors.
He added that a number of British investors like CDC Group have demonstrated their commitment to working with Egypt on ambitious projects that benefit all Egyptians.

Casson said that British investors are expanding their work in Egypt and finding new opportunities to invest، adding that this decade alone، UK companies have invested $43 billion in Egypt.
He pointed out that a British delegation including، CDC Group، and its subsidiary Globeleq arrived in Egypt this week to explore new investment opportunities and potential areas of increased cooperation with Egyptian ministries and companies.

The British Embassy said in a press release that CDC Group’s representatives held several meetings with Minister of Electricity and Renewable Energy Mohamed Shaker، Minister of Transport Hisham Arafat، Head of PPP unit at the Ministry of Finance Atter Hannour and senior advisor to Minister of International Cooperation Moataz Yakan.

They also met with Undersecretary to Minister of Petroleum Mohamed Saffar and Chairman of the Suez Canal Authority and Economic Zone Mohab Mamih.


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