Arab Finance: In the second edition of the series of dialogues held by the Ministry of Planning, Economic Development and International Cooperation, with the private sector under the title “Enhancing Communication with the Business Community and Related Parties for Innovation and Development,” BRIDGE, the Ministry hosted representatives of British International Investment Corporation (BII).The British Export Finance Authority, the Egyptian-British Business Association, and the Egyptian-British Chamber of Commerce, with the participation of about 85 representatives from private sector companies, export councils and business associations, to introduce private sector companies to opportunities to enhance trade and investment with the United Kingdom and the most important financing mechanisms and initiatives presented by the participating parties. During the meeting, the most important initiatives presented in partnership with the British Embassy related to promoting the green economy were also presented.
During the meeting, the Minister of Planning, Economic Development and International Cooperation explained that the series of meetings aims to enhance the private sector’s contribution to economic development, review investment opportunities in priority sectors in Egypt, and enhance integration between the state’s investment plans and programs implemented by development partners, by encouraging partnership. Between the government and private sectors, enhancing opportunities for mixed finance, development finance, grants to the private sector, and crystallizing opportunities in the field of investment guarantees and corporate social responsibility.
She added that investments in all markets covered by the Foundation so far amount to $10.5 billion, with annual investments reaching between $1.5-2 billion globally, explaining that the Foundation’s investments in Egypt amounted to approximately $850 million in more than 70 companies that provide more Of 91 thousand job opportunities in various sectors, stressing the cooperation between the Foundation and the private sector in Egypt in order to support growth plans that are consistent with the efforts of the Egyptian government in terms of opening the way for private sector investments and achieving international goals at the same time.
In another context, representatives of the British Embassy pointed out that the volume of trade exchange between Egypt and the United Kingdom amounted to 4.8 billion pounds sterling last year, with the Kingdom being one of the largest foreign investors in Egypt, with a focus on enhancing cooperation in the transport, water and infrastructure sectors.
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