A “doorknock” delegation, organised by the British Egyptian Business Association (BEBA), revealed that there are positive indicators for Egypt’s transformation towards attracting major investments in the near future.
This was announced during BEBA’s visit to the UK from 8 to 10 November, with the participation of more than 50 companies and financial institutions.
During the visit, the delegation discussed the most prominent problems facing investors in entering the Egyptian market, which are related to tax reform and exit laws.
For his part, Khaled Nosseir, the chairperson of BEBA, said that the visit program
discussed a number of important issues representing various economic sectors, highlighting the financial, monetary and economic stability that are currently witnessed in Egypt.
Moreover, he said that the delegation presented to British investors numerous investment projects in the areas of infrastructure, financial services, the new and renewable energy sector, and the oil industry.
“It was agreed with the Irish side during the visit that the latter will organise a visit to Cairo in March,” Nosseir said.
He also noted that the Irish side assured that the return of Irish tourists to Egypt is only a matter of time.
Furthermore, during the visit, senior officials from the London Stock Exchange stressed their keenness to support Egypt’s international bond program.
Finally, BEBA stressed and focused on promoting Egypt as a manufacturing centre capable of providing the needs of the British commodities market, especially following Brtiain’s decision to secede from the EU.