Egypt: Diplomatic Relations

(asked on 25th February 2020) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign and Commonwealth Affairs, what recent diplomatic steps he has taken to help support the Egyptian economy.


Answered by
James Cleverly Portrait
James Cleverly
Home Secretary
This question was answered on 3rd March 2020

Egypt has immense potential, and the UK wants to see Egypt succeed as a secure, prosperous and democratic state. The UK is providing over £50 million between 2016 and 2020 through the Conflict, Security and Stability Fund, to support Egypt's continued stability and prosperity through a range of sectors. Through the UK's partnership with the World Bank we are supporting improved economic governance and transparency, improved government financial management, and modernisation of the energy and business sector. British businesses are already amongst the most important investors in Egypt, supporting jobs and growth in Egypt and the UK. We are committed to helping businesses go even further. President Sisi gave the keynote speech at the 20 January UK-Africa Investment Summit. The event helped create new, lasting partnerships that will deliver more investment, jobs and growth in both countries. One of the largest deals signed at the Summit was an MoU between Actis and the Sovereign Fund of Egypt. The agreement will pave the way for over £3 billion of new investment to Egypt in due course, leveraging Actis' technical expertise.

Reticulating Splines