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Minister of Investment attends BBG meeting

His Excellency Mr. Yehia Hamed, Egypt鈥檚 Minister for Investment attended BBG meeting organized by UKTI section

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HMA James Watt and HE Investment Minister

On Wednesday 12 June 2013 the UK Trade and Investment section (UKTI) of the British Embassy in Cairo held a reception for the British Business Group (BBG) in Egypt. 皇冠体育app reception, attended by approximately 80 business people, was hosted by the Director of UKTI in Egypt, John Franck and was honoured by the presence of His Excellency Mr. Yehia Hamed, Egypt鈥檚 Minister for Investment as guest speaker, as well as by Her Majesty鈥檚 Ambassador to Egypt, James Watt and Mrs. Neveen El Shafie, Vice Chairman of the General Authority of Investment (GAFI).

皇冠体育app Minister for Investment gave a speech about the business and investment environment in Egypt, focusing on the issues faced by UK investors in Egypt, how they are being addressed and what further action is being planned in the short to medium term. Other topics covered in his talk and during the subsequent Q&A session included the prospects for Egypt鈥檚 economy, the status of structural reforms, and the time frames and financing for planned major investment projects. 皇冠体育app importance of Foreign Direct Investment to the recovery of Egypt was noted, and the statement that in order to attract new foreign investment existing investors needed to be looked after and His Excellency鈥檚 commitment to ensure issues are resolved, were well received.

皇冠体育app British Business Group is an informal network of a) senior people working for British companies in Egypt, and b) British business people working for companies in Egypt. It meets for informal networking and to hear invited guest speakers approximately every 2 months. Drinks and canap茅s are served. 皇冠体育appre are 250 people on the mailing list, and attendance is usually between 45 and 60. BBG receptions are hosted every 2 months.

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Published 17 June 2013
Last updated 19 June 2013 show all updates
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