Egypt has become more attractive to investments with its promising development opportunities, especially in infrastructure, information technology, and industry, Finance Minister Mohammed Maait has announced. Maait called on international investors to seize the “golden investment opportunities” in Egypt and ensure the optimum utilization of this stimulating climate to expand investment. The Minister held a bilateral meeting with British Treasury Secretary Rishi Sunak on the sidelines of “Finance Day” during the United Nations Climate Conference (COP26) in Glasgow. Maait also reviewed the Egyptian experience in economic reform, which has been praised by international financing institutions. Egypt’s economy became more robust in the face of local and global challenges during the coronavirus pandemic. The country is now more capable of achieving economic goals and meeting the development needs of its citizens, according to the Minister. For his part, Sunak expressed his interest in development and growth in Egypt, and praised the strength of Egyptian-British relations. He also lauded the performance of the Egyptian economy, especially in light of the COVID-19 pandemic. Egypt’s recent developments in infrastructure and economic performance indicators, represented by reducing the deficit and debt rates and raising the growth rate of GDP, reflect the stability of financial and economic policies. Sunak pledged to ensure the support of international institutions and investment funds to Egypt. The Chancellor announced that he looks forward to visiting Egypt at the earliest opportunity, expressing his full support for more British investments in the country. Britain is ready to provide Egypt with all the support and expertise to help organize the upcoming UN Climate Change Conference (COP27) in Sharm el-Sheikh, announced the British Chancellor.
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