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Elham AbolFateh

Egypt

UK is Egypt's largest foreign investor: envoy

Tuesday 13/February/2018 - 07:26 PM
Ahmed Mohsin
The British ambassador to Cairo John Casson said his country is the largest foreign investor in Egypt during the current decade with investments amounting to 43 billion dollars.

“I’m proud that the UK is Egypt's largest economic partner and foreign investor with $ 43 billion in the current decade.” Casson tweeted in Arabic.

“The largest British trade delegation in nearly 20 years is currently visiting Egypt، which Indicates the interest of British companies to invest in Egypt،” Casson wrote in a colloquial Arabic.

British Trade Envoy to Egypt arrived in Egypt on Sunday for a 5-day visit، heading up the largest British trade delegation in nearly 2 decades. The visit will focus on the sectors of oil and gas، education، infrastructure and health.

The UK is Egypt’s largest foreign investor and this visit is an opportunity to further deepen the trade links between the 2 countries by exploring investment opportunities across Egypt.

Over 50 companies will be taking part، including existing investors in Egypt such as Bombardier، Fujitsu، Mott MacDonald، and GSK، as well as companies looking to invest here for the first time.

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