Egypt’s large door-knock mission heads to UK for investment push

A key Egyptian door-knock mission, led by government officials, business leaders, and high-profile investors, has on Wednesday embarked on a three-day visit to London, United Kingdom.

Organised by the British Egyptian Business Association (BEBA), the delegation aims to showcase Egypt’s investment potential, promote the transition to a green economy, and discuss the successes of British investments in the Egyptian market in recent years.

Key figures leading the delegation include Minister of Finance Ahmed Kouchouk, Minister of Investment and Foreign Trade Hassan El-Khatib, and Mohamed Farid, Chairman of the Financial Regulatory Authority (FRA). The delegation will explore investment opportunities across various sectors, focusing on industries and infrastructure.

During the first day of the visit, participants discussed Egypt’s favourable business environment and the government’s commitment to attracting foreign direct investment. Minister Kouchouk highlighted the country’s integrated economic vision and the efforts to deepen the private sector’s role.

BEBA Chairman Khaled Nosseir emphasised the association’s role in promoting Egypt’s investment opportunities and enhancing trade bilateral trade. BEBA aims to attract more investments to ensure sustainable development across vital sectors, Nosseir added.

H.E. Sherif Kamel, Egypt’s Ambassador to the UK, noted the significant growth in economic relations between the two countries.

During a session, entitled Exploring the Industrial and Infrastructure Advantages in Egypt, Waleid Gamal Eldien, Chairman of the Suez Canal Economic Zone (SCZone), said the strategic location of the economic zone boasts advanced industrial zones and excellent connectivity through major seaports.

For his part, Khaled Abbas, Chairman and CEO of Administrative Capital for Urban Developments (ACUD), also presented the ongoing development of the new administrative capital. This ambitious project aims to provide residents and investors with integrated digital services. The goal is to significantly expand housing options, increasing the number of family residences from 1,000 to around 7,000 by the end of 2024.

Over the next three days, the Egyptian delegation will actively engage with British investors. They will hold individual meetings with CEOs of various British companies to foster collaboration and attract investment to Egypt.