A prominent Egyptian delegation, comprising government officials, business leaders, and distinguished investors, commenced a three-day visit to London, United Kingdom on Wednesday, as part of a pivotal door-knock initiative, Invest-Gate reports.

Facilitated by the British Egyptian Business Association (BEBA), the delegation’s primary objectives include spotlighting Egypt’s investment prospects, advocating for the shift towards a sustainable economy, and reviewing the accomplishments of British investments in the Egyptian market in recent years.

Leading the delegation are key figures such as Ahmed Kouchouk, Minister of Finance; Hassan El-Khatib, Minister of Investment and Foreign Trade; Mohamed Farid, Chairman of the Financial Regulatory Authority (FRA); and Khaled Abbas, Chairman and Managing Director of the Administrative Capital for Urban Development (ACUD). Their focus will be on exploring investment opportunities across diverse sectors, with a particular emphasis on industries and infrastructure.

During the initial day of the visit, discussions centered on Egypt’s conducive business climate and the government’s dedication to attracting foreign direct investments. Minister Kouchouk underscored the country’s comprehensive economic vision and initiatives aimed at bolstering the private sector’s involvement.

Khaled Nosseir, Chairman of BEBA, highlighted the association’s pivotal role in promoting Egypt’s investment potential and fostering bilateral trade. BEBA is committed to drawing more investments to ensure sustainable growth across critical sectors, he emphasized.

Moreover, Sherif Kamel, Egypt’s Ambassador to the UK, acknowledged the substantial upsurge in economic ties between the two nations.

In a session titled “Exploring the Industrial and Infrastructure Advantages in Egypt,” Waleid Gamal Eldien, Chairman of the Suez Canal Economic Zone (SCZone), lauded the economic zone’s strategic location, featuring advanced industrial zones and exceptional connectivity via major seaports.

Furthermore, Khaled Abbas, Chairman and Managing Director of ACUD, outlined the ongoing development of the New Administrative Capital. This ambitious venture aims to deliver integrated digital services to residents and investors, significantly expanding housing options with family residences projected to increase from 1,000 to approximately 7,000 by the end of 2024.