Meeting reviewed preparations for the upcoming visit of the British Prime Minister to Egypt.

Discussions focused on expanding cooperation in industry, technology, financial services, education, and healthcare.

Dr. Mohamed Farid Saleh: “We are working to maximize the outcomes of the British Prime Minister’s forthcoming visit through a practical agenda aimed at attracting investment and expanding the operations of British companies in Egypt.”

Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, held a meeting with Blair McDougall, the UK’s Secretary for Business and Economic Transformation, in the presence of Ahmed Kouchouk, Minister of Finance, and Egypt’s Ambassador to the United Kingdom, Ashraf Swelam, as part of the ministerial delegation visit organized by the British Egyptian Business Association (BEBA) in London, Invest-Gate reports.

Preparations for the British Prime Minister’s Visit and Strengthening Economic Partnership

The two sides discussed ways to enhance economic and investment cooperation between Egypt and the United Kingdom, as well as ongoing preparations for the upcoming visit of the British Prime Minister to Egypt, with the aim of advancing bilateral economic relations and creating new opportunities for cooperation and investment.

Dr. Mohamed Farid Saleh emphasized the importance of building on the positive momentum in Egyptian-British relations, noting that the ministry is working closely with relevant stakeholders to develop a practical agenda focused on attracting investment, expanding the activities of British companies operating in Egypt, addressing investors’ challenges, and translating the outcomes of the visit into tangible projects and opportunities.

He explained that the Egyptian government continues to implement a comprehensive economic reform program centered on strengthening the role of the private sector, improving the business environment, and enhancing the competitiveness of the Egyptian economy, thereby creating promising opportunities for British investors across several priority sectors.

Foreign Investment Strategy and Expansion into African Markets

The meeting also reviewed a number of economic, investment, and regulatory issues of mutual interest, in addition to opportunities for cooperation in trade finance, export credit guarantees, and joint investments in African markets, in line with Egypt’s strategy for expanding its economic presence across the continent.

The minister pointed out that the ministry is currently finalizing a national strategy for attracting foreign direct investment in cooperation with the World Bank. The strategy focuses on priority sectors where Egypt enjoys competitive advantages and strong growth potential, contributing to the attraction of high-quality investments, increased value creation, job generation, and enhanced export capacity.

He further stressed the importance of aligning Egyptian and British investment priorities and transforming them into joint projects that capitalize on the comparative advantages of both countries, thereby boosting bilateral investment flows and opening new avenues for growth and expansion.

Cooperation in Green Economy and Advanced Technologies

The meeting also explored opportunities for collaboration in education, healthcare, financial services, outsourcing, information technology, tourism, and professional services, in addition to cooperation in the fields of the green economy, carbon markets, advanced technologies, artificial intelligence, and the digital economy, all of which would support the competitiveness of both the Egyptian and British economies.

UK Commends Egypt’s Economic Reforms

For his part, Blair McDougall reaffirmed the United Kingdom government’s commitment to strengthening its economic partnership with Egypt, praising the economic reforms being implemented by the Egyptian government and the opportunities available for British companies to expand in the Egyptian market. He also underscored the importance of continued coordination between both sides to achieve tangible outcomes during the upcoming visit of the British Prime Minister.