British trade delegation in two decades concludes visit to Egypt

A British delegation including representatives of 50 companies concluded its five-day visit to Egypt on Thursday after meetings and talks with Egyptian officials, the British embassy said in a statement.

The release described the British trade delegation as the largest to visit Egypt in the last two decades.

Headed by British trade envoy to Egypt Sir Jeffrey Donaldson, the delegation met leading Egyptian officials and businessmen in Cairo and Alexandria to discuss business opportunities in sectors like transportation, health, manufacturing, energy and education.

Donaldson also met with Minister of Investment Sahr Nasr, Minister of Health Ahmed Rady, Minister of Trade Tarek Qabil, Minister of Education Tarek Shawky and Minister of Higher Education Khaled Abdel Ghaffar.

“The visit comes at time when the UK is further deepening economic ties with Egypt,” said the statement, highlighting a EGP 1.7 billion British investment in BenBan solar project, and a joint-venture industrial complex for high quality medical supplies.

The statement also highlighted BP’s announcement earlier this week that their Atoll Phase One project, involving almost $1 billion of investment, started production seven months ahead of schedule.

The delegation included the 33 companies from Scottish Development International and six from the Energy Industries Council, whose companies focus on the oil and gas industry.

It also includes 14 companies from the transport and health care sector, and four companies focused on opportunities in the education sector. Source: Ahram online