Last Update 18:27
Monday, 19 October 2020

UK to support investment in Egypt with £13 million

Doaa A.Moneim , Monday 16 Sep 2019
Minister of Investment
Egypt's Minister of Investment Sahar Nasr during a meeting British Secretary of State for Middle East and North Africa Andrew Morrison in Cairo on Monday, 16 September (Photo: Egypt's Ministry of Investment Facebook page)
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British Secretary of State for Middle East and North Africa Andrew Morrison said that the UK will provide Egypt with £13 million through the World Bank as part of a four-year extension of a technical support programme worth £15 million.

During a meeting with Egypt's Minister of Investment and International Cooperation Sahar Nasr on Monday, Morrison said that this will bolster Egypt's economic opportunities, encourage investment in the country, and boost inclusive economic growth.

Nasr said that the UK is the biggest investor in the domestic market in Egypt with $47.4 billion through 1,816 British companies.

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