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Trade minister meets Arab-British Chamber of Commerce delegation
21 January 2022  -  Organization :  -  Sector/Entity :  -  Category : Trade News

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The meeting discussed holding an Egyptian-British business forum to explore the investment opportunities available in both markets.

Cairo- Jan 21, 2022

Minister of Trade and Industry Nevine Gamea has met with a delegation from the Arab-British Chamber of Commerce (ABCC), which included CEO and Secretary-General Bandar Ali Reda and Deputy Secretary-General Abdeslam el-Idrissi.

The meeting discussed ways to bolster the chamber’s role in expanding economic cooperation and joint investment between Egypt and the UK during the next period, as well as holding an Egyptian-British business forum to explore the investment opportunities available in both markets.

“We need to step up efforts by officials and business circles in the two countries to make the most of the Egypt-UK Association Agreement signed following the Brexit,” Gamea stressed, pointing out that Egypt’s exports to the UK amounted to $1.79 billion last year, up 46.2% from $738 million in 2020.

Reda, for his part, noted that the ABCC is keen to open channels of communication between the businessmen in Egypt and the UK, which could promote the new development projects in Egypt and the investment opportunities opening up in various production sectors, hence, attract more British capital to the local market.

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