https://arab.news/m6qq7
- Sectors discussed by Egyptian foreign minister and UK trade commissioner for Africa include clean energy, comms and IT, and development of smart cities
- John Humphrey said authorities in the UK are keen to continue their efforts to boost investments in Egypt, bolster business and trade between the two countries, and promote bilateral trade
CAIRO: Officials from Egypt and the UK met in Cairo on Tuesday for talks on the growing cooperation between their countries.
Badr Abdelatty, the Egyptian minister of foreign affairs, emigration and Egyptian expatriates, and John Humphrey, the UK trade commissioner for Africa, discussed economic and trade cooperation in several fields, most notably clean energy, communications and information technology, transportation and the supply of railway stock.
They also talked about ways in which their nations can work together in the development of cities and infrastructure, given the fact that the UK is one of the top foreign investors in Egypt.
Abdelatty outlined the measures taken by Egypt to empower the private sector, improve the competitive nature of its economy, support the transition to a green economy, and provide investment incentives for industrial localization. Such efforts have contributed to an investment boom in various sectors, he said, and present an opportunity for additional British investment in Egypt.
The minister, who was appointed in July, expressed his desire to continue to enhance cooperation between the countries in various economic and investment fields, and encourage British companies to further benefit from opportunities in Egypt, in particular infrastructure projects, smart city developments and renewable-energy plans, and help boost trade exchange.
Humphrey said authorities in the UK are keen to continue their efforts to boost investments in Egypt, bolster business and trade between the two countries, and promote bilateral trade.