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Hisham Tawfik discusses with the British ambassador in Cairo the strengthening of economic cooperation

Brenton Herrera by Brenton Herrera
April 3, 2022
in Economy
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حصة 40% لـ"ساويرس" .. اكتمال تأسيس"أفرو جيت" للوساطة بعد رفع مساهمة البنوك
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12:01 PM

Sunday 03 April 2022

I wrote – Shaima Hefzy:

Hisham Tawfiq, Minister of Public Business Sector, received Gareth Bayley, British Ambassador to Cairo, and his accompanying delegation, to discuss ways to enhance economic cooperation between the two countries.

Tawfiq expressed his aspiration to enhance cooperation between the two countries in various fields, especially economic and trade, according to the ministry’s statement on Sunday.

Tawfik gave a presentation on the most prominent sectors in which companies affiliated with the Ministry of Public Business Sector operate, as well as features of restructuring and reform efforts in the administrative, technical and financial aspects, stressing the government’s encouragement to partnership with the private sector.

The minister also presented a number of projects being implemented in various sectors, including electric vehicles of different sizes, the manufacture of electric vehicle components, the development of batteries and control systems, in addition to the project to manufacture green ammonia in affiliated fertilizer companies, in the framework of the global trend towards the use of clean energy. The presentation included multiple investment opportunities. Among them are hotels, electric vehicles, and textiles.

The meeting touched on ongoing efforts in preparation for Egypt’s hosting of the Conference of Parties to the United Nations Climate Change Convention “COP 27” in Sharm El-Sheikh in November 2022.

The British ambassador in Cairo expressed his appreciation for the reform efforts in Egypt and the development witnessed in many sectors, stressing his country’s readiness to enhance cooperation with Egypt in various fields.

Tags: ambassadorBritainBritishCairocooperationdiscussesEconomicHishamHisham TawfikMinistry of Business SectorstrengtheningTawfik
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