British gov't backs Egypt's financial, economic reform efforts

CAIRO - 30 May 2018: British Investment Minister Graham Stuart stressed that the British government supports financial and economic reform efforts exerted by Egypt despite challenges.

He hailed the outcome and positive indicators of this reform topped by increasing growth rates, allowing the private sector to participate in the development endeavors and improving the investment atmosphere.

These remarks came during the meeting held between Stuart and Prime Minister Sherif Ismail in the presence of the ministers of housing, finance and transport besides the British ambassador here.

The visiting British minister expressed his appreciation to Egypt's keenness on enhancing ties and promoting cooperation with the European Union (EU) in various fields, noting that Britain is one of the most important economic partners for Egypt.

He lauded the progress of the Egyptian economy as a result of the reform measures reflected by the improving performance of the Egyptian Exchange.

For his part, Ismail welcomed the British minister and his accompanying delegation, asserting the keenness of the Egyptian government on continuing the financial and economic reform and creating an investment-friendly atmosphere.

The premier further underlined that the cabinet pays attention to continuing the implementation of national projects especially in the field of infrastructure.

He affirmed that there are many ventures that the Egyptian and British sides can cooperate in the fields of petrochemicals, energy, transport, railways.