Last Update 11:4
Wednesday, 13 November 2019

UK companies to increase investments in Egypt's education, health care sectors

Doaa A.Moneim , Wednesday 2 Oct 2019
Views: 2150
Views: 2150

A group of British companies visiting Egypt for an official investment forum have announced that they will inject further investments into education, health care, renewable energy and transportation projects in the country, a statement from the Egyptian investment ministry read.

Investment and International Cooperation Minister Sahar Nasr said that Egypt is eager to maximise cooperation with the UK, given the promising investment opportunities in the Egyptian market, and called on British companies to increase their investments in Egypt which have reached $47.8 billion through 1,871 companies.

She was speaking during a meeting on Wednesday with representatives of 15 British companies on the sidelines of the first British Investors Forum, which was organised by the British embassy in Cairo.

She said that Egypt is calling on investors and international corporations to boost infrastructure projects in Africa and stimulate the private sector to play a role in this regard, and make use of the promising investment opportunities on the continent.

"Egypt's government believes that the private sector is key engine of economic growth and has thus undertaken legislative reforms, paving the way for a suitable business atmosphere," Nasr said.

British Ambassador to Egypt Sir Geoffrey Adams noted that the UK is the biggest investor in Egypt.

The British companies also praised the economic reform efforts which have been taken by Egypt's government under the leadership of the President Abdel-Fattah El-Sisi, including improving infrastructure, the statement read.

The chairman of Egyptian British Chamber of Commerce, Ian Gray, said that the chamber publicises the success of British companies operating in Egypt to encourage other British companies to invest in the country, adding that Egypt is a significant investment destination due to its large market and promising investment opportunities, like the national mega-projects.

The managing director of Unilever Mashreq, Ashraf Bakry, said that his company has succeeded in doubling its exports due to the economic reform program that Egypt has adopted, and said that the launching of the African Continental Free Trade Area would create significant opportunities for British investments in Egypt to increase via exporting to African markets. 

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.