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Samir meets UK ambassador to discuss future cooperation
31 October 2022  -  Sector :  -  Entity :  -  Category : General

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The meeting has covered luring UK investments in Egypt and financing mechanisms by various funding institutions to boost exports.

Cairo- Oct 31, 2022

Minister of Trade and Industry Ahmed Samir has met with British ambassador in Cairo Gareth Bayley to explore means of fostering bilateral economic cooperation between the two countries.

“Egypt is keen on consolidating its strategic partnership with Britain, in a way that would make a quantum leap in bilateral trade and investments, hence, benefit their economies,” Samir said, highlighting the solid, long-standing ties binding both nations, which culminated in the signing of the Association Agreement in 2020.

The meeting covered boosting UK investments in the local market, mainly in renewable energy, green economy, infrastructure, healthcare and mining industries; as well as financing mechanisms offered by various funding institutions, such as the British International Investment and UK Export Finance.

The ministry, Samir stressed, is committed to offering all support to current and potential UK investors, while addressing challenges facing companies operating in the market.

According to official figures, Egypt-UK trade is rising constantly. It hit $2.917 billion in 2021, up 35% from a year earlier.

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