Al-Mashat discusses economic and investment ties with UK ambassador

Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat met with British Ambassador to Egypt Gareth Bayley to discuss ways to boost economic and investment relations and diversify financing mechanisms from British financial institutions for the private sector.

The meeting focused on ongoing cooperation between the two countries in the field of sustainable green transformation.

Mashat highlighted the strong economic ties between Egypt and the United Kingdom, both at the governmental level and in terms of private sector relations with British financial institutions. She emphasized Egypt’s commitment to further developing bilateral relations across various sectors.

Regarding the Development Policy Financing (DPF) program, Mashat commended the UK’s role in supporting Egypt’s structural reforms through the program, which is being implemented in partnership with the World Bank. She also discussed cooperation under Egypt’s national platform for the “NWFE” program, which aims to drive climate investments in water, food, energy, and sustainable transport, in addition to preparations for the COP30 climate conference scheduled to be held in Brazil.

On empowering the private sector, Mashat noted that the UK has played an active role in launching the “Hafez” platform, which enhances financial and technical support for both local and foreign private sector entities.