GAFI CEO Discusses With UK Ambassador in Cairo Promotion of Investment Relations between Egypt and United Kingdom

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17-12-2021
GAFI CEO Discusses With UK Ambassador in Cairo Promotion of Investment Relations between Egypt and United Kingdom

Abdel Wahab discusses the most important investment opportunities available and the most important investment indicators between the two sides. UK ambassador affirms his keenness to increase British investments in Egypt and expresses his confidence that Egypt is a promising market that attracts investments in many sectors.

Counselor Mohamed Abdel Wahab, GAFI CEO, met with Ambassador Gareth Bailey, UK Ambassador in Cairo to discuss ways to enhance bilateral investment relations between the two countries and to attract more British investments to Egypt. 

GAFI CEO stressed the importance of coordination with the British side to encourage English companies to seek investment opportunities available in Egypt, pointing out that United Kingdom tops the list of the most countries investing in Egypt, as its operating companies in Egypt witness many successes in various fields, including sectors of petroleum, telecommunications, pharmaceutical industries, banking and financial services.

During the meeting, Abdel-Wahab expressed his aspiration to increase cooperation with Britain through organization of promotional visits to introduce available investment opportunities in Egypt, as well as presenting the positive developments where the investment climate witnessed in Egypt over the past years, which enhances opportunities to attract more British investments. He pointed out that it was agreed with British ambassador on joint coordination to determine the mechanism of targeting British companies interested in investing in Egypt in the priority sectors. 

The meeting witnessed a review of the most important investment opportunities available in Egypt by discussing Egypt's investment map and addressing the most important investment indicators between the two sides, as well as conducting an inspection tour of Investor Services Center (ISC) to learn about the various services provided by GAFI aiming to facilitate procedures for investors. For his part, Ambassador Gareth Bailey affirmed his keenness to increase British investments in Egypt, expressing his confidence that Egypt is a promising market that attracts investments in many sectors, especially in light of the leap that Egypt witnessed in the field of infrastructure development and modernization, in addition to the state's implementation of major projects in this field. He also praised the economic development that Egypt is witnessing, stressing that Egypt has great opportunities for economic growth by strengthening bonds of cooperation, which will reflect positively on the movement of  investments. He also appraised the tangible development in services delivery, which he was acquainted with during his visit to GAFI.

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