Jul 30, 2009

$100 million of new British investments in Egyptian automotive sector

26 Jul 2009

In the frame of supporting the strategy planed by the Ministry of Trade and Industry to promote Egyptian exports in the field of car feeding industries and Components, the export council of the engineering industries sent a promoting trade delegation to Britain in collaboration with the Association of British car manufacturers and dealers, said Ahmed Fekri Abd-el Wahab, the head of the council.

He said that the visit aimed at completing negotiations with the British side for attracting investments valued by 100 million dollars during the next year in the Egyptian automotive sector.

He noted that many of the British companies are seeking to invest in Egypt, aiming at exporting to the countries which agreed on free trade agreement with Egypt.


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