Ashraf AboArafe
Egypt’s top British investors held their first virtual British Investors’ Forum (BIF) meeting to discuss the measures they have taken to retain their strong presence in the Egyptian market during COVID-19.
The companies represent a wide spectrum of sectors including oil and gas, pharmaceuticals, infrastructure, education, and banking. They shared their experiences on the ongoing crisis and discussed how they could respond positively. The companies also explored long-term opportunities to strengthen their presence in the Egyptian market.
Participating companies included: BP, Shell, Actis, Bombardier, GSK, IHG, PwC, Vodafone, AstraZeneca, Standard Chartered and Jaguar Land Rover. Government representatives from both countries also joined remotely. Ahmed Kouchouk, Egyptian Vice Minister of Finance, represented the Egyptian government. The UK Prime Minister’s Trade Envoy to Egypt Sir Jeffrey Donaldson and British Ambassador to Egypt, Sir Geoffrey Adams, represented the UK.
British Ambassador to Egypt, Sir Geoffrey Adams said: “Businesses across the world are facing real challenges due to COVID-19. It is more essential now than ever that we come together to share our knowledge and expertise. The British Investors’ Forum offers this opportunity to leading British investors, who I know will continue to support the Egyptian government’s efforts to overcome this challenge and keep the Egyptian economy moving forward.
