Egypt, UK Agree on Boosting Economic Cooperation

Egypt's Minister of Investment and International Cooperation Sahar Nasr announced on Thursday the importance of increasing British investment in the domestic market, especially education, technical training, SMEs, entrepreneurship and transportation.

This came at the sidelines of a meeting with the State for Middle East Affairs Minister in the British Foreign and Commonwealth Office Andrew Murrison. .

Both sides discussed increasing collaboration between Egypt and the UK in various areas, in addition to maximising British investments in Egypt, which currently stands at $47.4 billion with nearly 1,816 British companies working in the Egyptian market.

Sahar Nasr and Andrew Murrison

On other hand, Nasr and Murrison discussed increasing fellowships for Egyptian students in British universities through the Newton-Mosharafa fund with £50 million.

Noteworthy, Murrison revealed that the UK is now working on the new generation of electric cars, praising the palpable improvement of economic indicators over the past period.

Meanwhile, this partnership is part of an international effort that targets boosting investment in the human element, with a view to consolidating justice and economic growth.

Egypt's current economic status encourages the British business community to pump more investments into the Egyptian market.