- Speaking in a TV interview, British ambassador to Cairo, Gareth Bailey has stated that the UK is looking at opportunities for investing in technology in Egypt.
- Infrastructure, renewable energy sectors including wind, solar energy and green hydrogen are the other areas of interest.
- He added that already more than 2,000 British companies have invested in Egypt and the estimated British investments in the country were about 50 billion pounds sterling.
Speaking in a TV interview, British ambassador to Cairo, Gareth Bailey has stated that the UK is looking at opportunities for investing in technology in Egypt. Infrastructure, renewable energy sectors including wind, solar energy and green hydrogen are the other areas of interest. He added that already more than 2,000 British companies have invested in Egypt and the estimated British investments in the country were about 50 billion pounds sterling.
Pointing out the new agreement concluded between Egypt and Britain after the Brexit, he observed that the UK and Egypt enjoyed close bilateral cooperation in the field of transportation, especially monorails. He pointed out that the production line of monorail trains in the new administrative capital will be a symbol of Egypt’s future as a superpower in renewable energy. He also referred to Prime Minister Boris Johnson’s commitment at the UN Climate Summit “COP26” in Glasgow to provide support worth 11 billion pounds to help developing countries to develop its energy system.
