UK Trade Envoy Sir Jeffrey Donaldson said: This is the first time a majority of these companies have visited Egypt, showing the UK is putting its money where its mouth is in regard to new business. We are seeing growing British appetite as Egypt implements its economic reform programme. Egypt adopted in 2017 the Investment Law with performance requirements, including labor-intensive projects and geographical location of certain investment incentives. On Tuesday 8 November British Ambassador to Egypt John Casson attended the inauguration of GlaxoSmithKline’s newest liquid line in Egypt, an EGP65 million investment that will produce essential, low-cost medicines for Egyptian patients. All content is available under the Open Government Licence v3.0, except where otherwise stated, Coronavirus (COVID-19): guidance and support, Transparency and freedom of information releases. Turkish investment has more than tripled in the past five years; nearly 85% of Turkish companies operating in Egypt have been established since 2004, according to the Egyptian … Minister of Investment and International Cooperation Sahar Nasr – File Photo CAIRO, Nov 30 (MENA) - Investment Minister Sahar Nasr on Saturday called on British companies to boost investments in Egypt that reached $ 47.8 billion, with 1,817 British companies operating in the country. UK Prime Minister’s Trade Envoy Rt Hon Sir Jeffrey Donaldson MP and over 40 delegates from British companies arrived to Egypt to visit Cairo and Alexandria to assess new trade and investment opportunities and identify potential Egyptian partners. To help us improve GOV.UK, we’d like to know more about your visit today. UK number 1 foreign investor in Egypt: Embassy spokesperson. Furthermore, UK trade envoy to Egypt Jeffrey Donaldson explained that the UK is interested in investment opportunities in the SCZone, adding that the stability of Egypt is a top priority and that he recognises the strategic importance of the country in a very troubled region. The UK is by far the largest investor in Egypt. We also use cookies set by other sites to help us deliver content from their services. Three UK trade missions explore investment opportunities in Egypt. Economic and regulatory reforms have driven interest and investment in Egypt’s healthcare market from multinational healthcare providers. British Ambassador to Egypt John Casson said that "British companies are willing to support Egypt’s vision for developmental and more inclusive education with top-notch technology that assures benefits for all Egyptians. Investment Opportunities in Egypt are mainly from the construction industry, including the oil industry, tourism, mining, agriculture, industry, air and sea transport, accommodation, venture capital, computer and software development. The UK is by far the largest investor in Egypt, followed by Belgium, USA and UAE. LONDON - Egypt secured a number of new investment deals with UK companies at the UK-Africa Investment Summit in London, according to a statement from the British Embassy in Cairo. UK is committed to support economic growth and increase British investments, says Donaldson. The start of the implementation of Tutankhamun's show in the Grand Museum .. What is the story of the transfer and restoration of his sarcophagus. BG invested 14bn in Egypt, says company’s Egypt President Arshad Sufi. British Ambassador to Egypt, John Casson said: 2017 is big year for business in both Egypt and Britain to drive economic success. Egypt's investment minister meets with top UK officials to encourage more British investments in Egypt Latest 02:55 Egypt reports 591 new coronavirus cases, 43 deaths on Monday One of the UK’s biggest trade delegation to date visits Egypt to reinforce its position as number one investor. The visit coincided with the largest Oil and Gas event to happen in Egypt, Egypt Petroleum Show (EGYPS), attended by Sir Jeffrey Donaldson as well as the British Ambassador to Egypt, John Casson and the Director for International Trade, Jason Ivory. Head of Egypt’s General Authority for Investment and Free Zones (GAFI) Mona Zobaa said that investments from European Union (EU) countries in Egypt exceed $15 billion, through the activity of 6,339 companies, concentrated in the industry, services and tourism sectors and providing more than 192,000 jobs. 138 Pyramids was launched in 2012 with $10 million capital by businesswoman Neveen El Tahri, and funds startups and SMEs managed by parent company Delta Inspire, an Egyptian investment management firm. He added that the UK supports Egypt since 2011 up until now, explaining that the British investments have been increasing to $30bn. The easiest way to invest in Egypt is by using exchange-traded funds (ETFs), which offer instant diversification in a single U.S.-traded security. So it is big news that we are starting 2017 with three British business delegations in one week bringing new companies into new sectors in Egypt. They’re also investing heavily in Egypt’s healthcare sector. 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CAIRO – 17 September 2019: British investments in Egypt hit $47.4 billion through 1816 companies operating in the state, the Ministry of Investment and International Cooperation stated on Monday, Egypt's president convenes with Armed Forces personnel, holds a dialogue on internal, regional, and international topics, Egypt's Sisi: it was a pleasure to honor families of martyrs, injured of Armed Forces, Egypt directs $3.3B to 34 projects in 2020 to achieve gender equality, 3 new cotton gins established at costs of LE 200M, Egypt signs 10 new contracts with companies to search for gold, with more than 11M investments, Egypt’s public investments directed to Aswan in 20/2021 plan is EGP 6.9 billion, Egypt plans to raise $7B from int'l debt markets in H1 of 2020, Burhan praises Sisi for Egypt’s efforts in removing Sudan from Sponsors of Terrorism List, Egypt, AfDB sign development financing deal of €109 M to provide sanitation services in Luxor’s Rural Areas, Arab Parliament backs Egypt, Sudan efforts to protect their water, legal rights, Egypt's Sisi directs to enlarge medical caravans within 'Decent Life' initiative, Egypt’s first lady greets women on International day, Egypt's FM urges Libyan parties to adhere to ceasefire agreement, especially on foreign forces withdrawal, When Tutankhamun's mask leaves to the GEM, Tanis, Yuya and Tuya are the king's substitutes in the Tahrir Museum, Egypt to carry out 'population attraction project' in New Valley, Egypt denounces terrorist operation in the Somali. Areas Of Investment . With $4.8 billion, Britain ranked first for investment in Egypt over the time period, followed by the UAE with $1.6 billion. Case in point, Egypt is the most populated Arab country in the Middle East … The Egyptian investment law offers approved projects and in-vested capital certain guarantees and privileges as inducements to enter the country. Between 2001 and 2014, UK exports of goods to Egypt fell by around 9%. Nine other companies brought under the auspices of the Egyptian British Chamber of Commerce (EBCC) focussed on infrastructure and construction, with regard to trade and investment opportunities in projects such as the Cairo Capital and development of the Suez Canal Economic Zone. Some of the best sectors to research are . Given the nature of investments already on ground in Egypt, and also in its neighboring countries, the U.K’s vision to become the largest investor in North Africa by 2022 is achievable. Cumulative UK investments in Egypt are estimated at over US$20billion. UK companies will find opportunities in projects relating to hospital construction and design, medical training and IT consultancy for the … We’ll send you a link to a feedback form. The UK is the largest non-Arab investor in Egypt, indeed second only to Saudi Arabia. Menna Samir March 13, 2015 Be the first to comment. The United Kingdom is keen on backing Egypt’s investments on human capital—especially on medical care and education. 2016 saw investments from UK companies reaching over $30 Billion , and 2017 is already delivering on the UK’s commitment to further deepen cooperation and help support the Egypt’s economic growth efforts through increased British investments. FDI is concentrated in the oil sector, followed by construction, manufacturing, real estate and financial services sectors. On the sidelines of the World Bank (WB) Spring Meetings held in April, Nasr discussed with UK Department for International Development Permanent Secretary Matthew Rycroft boosting economic cooperation and UK investments in Egypt that hit $46 billion, with up to 1,816 British companies operating in … There are over 900 UK invested businesses (source: GAFI, Egyptian General Authority for Investment), including companies such as British Gas, BP, Shell, Vodafone, Barclays, HSBC, GlaxoSmithKline, AstraZeneca and Unilever. The Commercial Office of the Egyptian Embassy in London cite around 900 UK companies active across a range of sectors, especially in oil and gas, but also spanning tourism, telecommunications, education and banking. https://www.gov.uk/government/news/the-uk-is-committed-to-investing-in-egypt They were worth £1 billion in 2014. Egypt was the UK’s 42nd largest export market for goods and 55th largest export market for services in 2013. Don’t include personal or financial information like your National Insurance number or credit card details. It will take only 2 minutes to fill in. Top UK exports of goods to Egypt include: 1. metalliferous ores and metal scrap 2. fruit and vegetables 3. general industrial machinery and equipment 4. medicinal and pharmaceutical products 5. power generating machinery and equipment Since 2011, Foreign Direct Investment inflows from the UK have amounted to USD30 billion. The UK is by far the largest investor in … Foreign Direct Investment in Egypt averaged 2643.87 USD Million from 2002 until 2020, reaching an all time high of 5572.50 USD Million in the fourth quarter of 2007 and a record low of 40.70 USD Million in the second quarter of 2002. Two other Missions organised by the Scottish Development International (SDI) and the Energy Industries Council (EIC) addressed the evolving opportunities in the Egyptian energy arena. Don’t worry we won’t send you spam or share your email address with anyone. We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. Foreign Direct Investment in Egypt increased by 3090.70 USD Million in the second quarter of 2020. British Ambassador to Egypt John Casson The 46 billion pounds is an impressive improvement from 2018’s valuation of British investments in Egypt. Daily News Egypt February 13, 2017 Be the first to comment. The Egyptian government has shown the resolve to embark on an ambitious investment and development programme in key growth sectors, including transport and infrastructure, building and construction, tourism, telecommunications, renewable energy and development of the Suez Canal Axis. Zobaa said in a statement that Egypt is keen … Pin +1 WhatsApp Tweet Share Share Jobzella Email. This new growth builds on strong foundations: Egypt and Britain are natural economic partners with $2bn of trade each year and $30.5bn of investment powering the Egyptian economy since 2011. The number of countries in which the bilateral contract is over 100. The General Authority for Investment and Free Zones announces the launch of the second phase of the industrial units with complete... Egypt’s investment map offers opportunities in an array of sectors and across various geographies, covered by strong incentives under Egypt’s Investment Law. Asset acquirement; Oil and gas production and exploration; New petrochemical projects; New world-class third generation refinery projects; New joint mega LNG projects; Buying shares of great companies in the Egyptian stock market Egypt has many prime investment opportunities. Investment size: growth Sector: various. You can change your cookie settings at any time. Three UK trade missions explore investment opportunities in Egypt UK is committed to support economic growth and increase British investments, says Donaldson Daily News Egypt February 13, … The delegation includes the Invest Northern Ireland Trade mission, whose companies cover numerous sectors including Energy, Healthcare, Food and Drink, Environment, Waste Management, Construction and Engineering. According to UNCTAD Investment Trend Monitor, in the first half of 2020, FDI flows declined by 57% to an estimated USD 1.9 billion.