Cairo, London explore stronger trade and investment ties

 Egypt’s Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdel-Aati praised the strong political relations between Egypt and Britain, expressing hope for closer economic and investment cooperation in the coming period, especially given the long-standing presence of British companies in the Egyptian market across several key sectors. This came during his meeting on Wednesday with adviser to the British prime minister for business and investment affairs, Varun Chandra, and adviser to the British prime minister for economic affairs, Minouche Shafik, trade and investment, to strengthen economic and investment ties between Egypt and the UK. Abdel-Aati stressed Egypt’s commitment to attracting more British investments, particularly in promising sectors and in the Suez Canal Economic Zone.  He also reviewed the government’s economic reform and development programme, saying it has helped improve macroeconomic indicators, stabilize the foreign exchange market and increase foreign currency reserves despite regional challenges. Abdel-Aati said Egypt places strong importance on empowering the private sector as the main driver of economic growth.  He added that the government continues to implement reforms aimed at improving the business environment and strengthening the resilience of the national economy. He also highlighted Egypt’s industrial localization strategy, including the “Industry Strategy 2030” and the State Ownership Policy Document, stressing the private sector’s central role in leading economic development. The post Cairo, London explore stronger trade and investment ties appeared first on Egyptian Gazette.