UK to support investment in Egypt with £13mn – official

UK will provide Egypt with £13 million through the World Bank as part of a four-year extension of a technical support programme of £15 million, said British Secretary of State for Middle East and North Africa Andrew Morrison on Monday.

During a meeting with Egypt’s Minister of Investment Sahar Nasr on Monday, Morrison said that this will bolster Egypt’s economic opportunities, encourage investment in the country, and boost inclusive economic growth.

Nasr said UK is the biggest investor in the domestic market in Egypt with $47.4 billion through 1,816 British companies.

Sahar Nasr during a meeting British Secretary of State for Middle East and North Africa Andrew Morrison (Photo: Egypt’s Ministry of Investment Facebook page)

Source: Ahram Online