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UK’s investments in Egypt reached GBP 50bn, British Ambassador

The British investments in Egypt are estimated at about GBP 50 billion, British Ambassador to Egypt, Gareth Bayley, was cited as saying in a TV interview.

More than 2,000 British companies are investing in the most populous Arab nation, Bayley added, expressing his hopes for increasing these investments, especially in the technology and renewable energy sectors.

On a side note, the ambassador noted that Egypt’s monorail trains are being manufactured at a Derby-based factory in the UK. The monorail project will connect the New Administrative Capital City with the 6th of October City.