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$1.3bn, volume of trade exchange between Egypt, UK: Nassar - Daily News Egypt

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$1.3bn, volume of trade exchange between Egypt, UK: Nassar

British investments in Egypt amounted to about $5.6 bn in about 1450 projects, says minister

The Minister of Trade and Industry Amr Nassar, revealed that the volume of the trade exchange between Egypt and the United Kingdom (UK) reached $1.3bn in the first half (H1) of this year.

He continued that the British investments in Egypt amounted to about $5.6bn in about 1,450 projects in the fields of industry, services, construction, tourism, finance, agriculture, communications, and information technology.

This came during his meeting with the UK trade envoy, Jeffrey Donaldson, who discussed the future of economic relations between the two countries, especially in the light of UK`s decision to exit from the European Union (EU).

The minister said that there are huge opportunities for the British business community to invest in the Egyptian market, especially in the fields of medium and large projects, pointing out the possibility of using the Egyptian market as a hub for the production and export of British products in the regional and global markets.

Nassar explained that the Egyptian economy has regained its vitality as one of the most important economies in the Middle East and Africa.

He stressed that the implementation of a comprehensive economic reform programme supported by strong political and popular will, made Egypt one of the most important emerging economies on the regional and international levels.

For his part, the UK trade envoy, stressed that his visit to Cairo aims to boost strategic trade and investment relations between Egypt and the UK and prepare for the post-British exit from the EU.

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