Egyptian prime minister, Sherif Ismail, met Sunday with a trade envoy from the United Kingdom and John Kasn, the UK ambassador to Egypt, to discuss investment opportunities.
According to the UK trade envoy, MP Jeffrey Donaldson, British companies have expressed interest in investment opportunities in energy, infrastructure, and education.
Potential investment will be broad in scope, focused on large national projects and small and medium enterprises.
Infrastructure projects include particular areas of focus in the economic zone of the Suez Canal and East Port Said Port with the establishment and development of seaports.
Ismail pledged the Egyptian government’s commitment to address its budget deficit, its imbalance of payments, and Egypt’s unemployment rate. In addition, Ismail also addressed his government’s commitment to the implementation of economic and financial reforms—including tax and customs sector reform—working to increase the efficiency of infrastructure, roads, ports, and power plants, the implementation of agricultural development projects, and further progress in the projects related to the Suez Canal development and the new administrative capital.