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$10 billion in new Egyptian and British projects
Egypt-UK, Economics, 6/4/1999
The Egyptian side in the Egyptian - British business council is getting ready to offer new investment projects worth $10 billion during the council's meetings, which will begin on Monday in Cairo and last for two days. The council will discuss the contribution of the British side in these investment projects.
Members of the council, three businessmen under the auspices of Egyptian businessman Mohammed Nosair, are participating in these meetings.
ArabicNews.com learned that the meeting will also include discussing the new investment law in Egypt.
The volume of British investment in Egypt reaches 5 billion pounds sterling, the volume of bilateral commercial exchange reaches 750 million pounds sterling, and the commercial balance favors the British.
Previous Stories:
British business delegation to visit Cairo on Sunday
(5/14/1999)
Establishing an Egyptian - British holding company for investment
(4/23/1999)
200 British companies look for Egyptian partners
(4/19/1999)
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