Prime Minister Sherif Ismail meets with UK trade envoy Jeffrey Donaldson to discuss potential investment
“No1 investor & hungry for more” –UK ambassador. U.K. ambassador John Casson was typically exuberant on Twitter as he noted the arrival in Egypt of the U.K.’s trade representative to Egypt and the chief of U.K. Export Finance, the United Kingdom’s export credit agency. The U.K. offered to “underwrite prospective UK-Egyptian trade deals with up to GBP 500 mn in financing or insurance,” according to a statement by the British Embassy in Cairo tweeted by Casson. The two officials are set to meet with the ministers of trade and investment to discuss key economic projects such as the Suez Canal Economic Zone and the Tahrir Petrochemicals project in Sokhna, among others. A statement from the Prime Minister’s office also claims the parties discussed potential investments in the renewable energy, education and transport sectors, particularly the upcoming monorail project.