UK trade mission to Egypt seeks new investments

CAIRO – 24 September 2017: United Kingdom’s Trade Envoy, Sir Jeffrey Donaldson, arrived in Cairo with a delegation of 14 British companies on Sunday to explore new business opportunities in various sectors, a statement from the British embassy in Cairo said.

The companies, including Rolls Royce, Bombardier and London International Patient Services, intend to invest in the infrastructure, defense, healthcare and agriculture sectors.

“Seventy percent of the companies involved are new to doing business in Egypt,” the statement read.

The embassy highlighted that the delegation will be visiting the new administrative capital to discuss investment opportunities with its Chairman Ayman Ismail.

"The recent reforms that have been implemented have brought about stronger economic growth in Egypt and this has heightened the interest of British companies in doing business with Egypt,” Donaldson said.

He added that the trade mission have conducted an excellent program of meetings.
Meanwhile, British Ambassador to Cairo, John Casson, said that Egypt’s economy has captured the attention of the investors, seeing the first fruits of reform. “There are golden opportunities to do business here,” he said.

Casson added that the private sector is the champion of the next period, as the Egyptian government works to build a free, fair and open economy for all Egyptian men and women.

Earlier this month, on the sidelines of the Euromoney Egypt Conference, Casson stated that Cairo will receive

a new wave of British investments

as British investors will be looking to explore new opportunities in the sectors of infrastructure, health care, railway and ports, in addition to the non-oil sector.