As stated by the Cairo Chamber of commerce, British investments in Egypt represent 5.6 billion dollars. Egypt and Britain intend to deepen economic cooperation and limit the impact of Britain’s exit from the EU on economic relations.
Egypt welcomed the largest British trade delegation in nearly two decades, on February 2018, in order to strengthen economic cooperation between the two countries.
As stated by the British Embassy in Cairo, this visit covered several subjects, such as oil, gas, education, infrastructure, and health. All in all, more than 50 companies took part to the delegation, including former and new investors.
The aim was to define the investment opportunities available in Egypt, and promote the partnership between the two countries, thus offsetting the impact of Britain’s exit from the European Union on economic relations.
At the moment, British investments are consequent in Egypt. According to Cairo Chamber of commerce, “Britain is one of the largest foreign countries invested in the Egyptian market with total investments of 5.6 billion dollars through 1450 projects.”
In that spirit, Hisham Mekkawy, head of the Egyptian side of the Egyptian-British Business Council, said that the Council plans to arrange a visit of several British companies to Egypt, during the second half of this year. This project could enhance economic cooperation between the two countries in the future.
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