Interview: Egypt-UK Economic Relations on an Upward Trend

  • Date: 24-Nov-2020
  • Source: Egypt Today
  • Sector:Economy
  • Country:Egypt
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Interview: Egypt-UK Economic Relations on an Upward Trend

British investment focus is not very different from any other country.



It is about matching the potential of the market with the skills and capability of the investing country. However, the investment is all going to come from the UK-based companies not the Government.



Fortunately, one of the greatest strengths in the U.K. is the financial sector which can provide funds for investing in almost any sector where the opportunity to grow is good. This is why the Egyptian-British Chamber of Commerce has just launched, in cooperation with Egyptian trade bodies, the online ‘Trade Accelerator' to provide a ‘shop window' for companies in both countries to display their interests and opportunities.



What is the total volume of British investments in Egypt?



Egypt's economic reform program has supported increased inflows of FDI from the UK, which stood at $6.3 billion in 2018/2019. While the majority of inflows are in the upstream exploration sector, we are witnessing a gradual diversification of investment in sectors ranging from construction, to agriculture, health, manufacturing, renewables and transport.



What is the total number of British companies operating in the Egyptian market?



There are already over 900 UK-invested companies operating in Egypt, according to GAFI, the Egyptian General Authority for Investment & Free