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Thursday, 19 September 2019

UK int’l trade secretary to visit Egypt late May

MENA , Ahram Online , Thursday 16 May 2019
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UK int’l trade secretary Liam Fox ( Photo:AP)
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UK International Trade Secretary Liam Fox is scheduled to visit Egypt on May 27-28, Egypt’s Ambassador in London Tarek Adel said on Thursday.

Fox is expected to hold several meetings with senior Egyptian officials on boosting bilateral trade and investments, Adel said during a meeting with the UK secretary.

The visit is expected to give further momentum to economic ties between Egypt and the UK and help diversify UK investments in Egypt, tap into new sectors of the Egyptian economy, and increase trade exchange between the two countries, the ambassador added.

Earlier this year, Egypt’s Minister of Trade and Industry Amr Nassar said that the volume of British investments in the Egyptian market stands at $5.4 billion.

These investments cover 1,567 projects in the sectors of industry, services, construction, tourism, financing, telecommunications and information technology, he added.

The minister's statements came during a meeting with Fox on the sidelines of the World Economic Forum in the Swiss Alpine town of Davos in January.

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