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English news

19-Jul-2016

UK to finance Egypt trade deals worth up to GBP500mn

The UK Export Finance (UKEF), the UK's export credit agency, is committed to funding trade deals with Egypt worth up to GBP500mn, and has GBP2.5bn of financing available for projects in Egypt, according a press release by the British Embassy in Cairo. The UK's trade envoy to Egypt, Jeffrey Donaldson MP, and UK Export Finance CEO Louis Taylor, arrived in Cairo on Sunday to meet with Egyptian officials and businessmen for talks on bilateral trade, the statement said. Officials include Prime Minister Sherif Ismail, Trade and Industry Minister Tarek Kabil, Military Production Minister Mohamed El-Assar, Investment Minister Dalia Khorshid and Petroleum Minister Tarek El-Molla. The delegation will look at projects such as the Suez Canal Economic Zone, the Tahrir Petrochemicals project in Sokhna, and Smart Village in Alexandria. (Ahram Online)

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