Investments of 1,358 British firms in Egypt worth $5.4bn- ECS

Around 1,358 British firm invested US$5.4 billion in the Egyptian market, as foreign partners, since 1970 until 2015, Egyptian Commercial Service Office (ECS) stated Wednesday.

UK is ranked the third among the list of states having direct investments in Egypt.

The ECS clarified that the most attractive sectors for British investments are; oil and gas, renewable energy, financial and consultant services, food industries, and building materials. Additionally, communication and IT, pharmaceuticals, infrastructure and logistics projects, and retail sectors are among the attractive sectors for British investments.

Egyptian industrial sector seized 45 percent of the total volume of British investments from 1970 to 2015, followed by services and financial sectors with 13 percent for each, then construction sector (12 percent), tourism (9 percent), agriculture (6 percent), and Information Technologies (2 percent).

The top leading firms that work in the Egyptian market are Vodafone Egypt, Barclays Bank, Commercial International Bank (CIB), and GlaxoSmithKline.