logo
HSBC Egypt, EBCC and UK Export Finance host high-level Investment, Infrastructure Forum in Cairo

HSBC Egypt, EBCC and UK Export Finance host high-level Investment, Infrastructure Forum in Cairo

Daily News Egypt14 hours ago

HSBC Egypt, in collaboration with the Egyptian-British Chamber of Commerce (EBCC) and UK Export Finance (UKEF), proudly hosted the EBCC-HSBC-UKEF Investment and Infrastructure Forum at its Head Office in Cairo. The forum served as a strategic highlight of the broader EBCC-Department for Business and Trade (DBT) infrastructure mission to Egypt which included nearly 20 UK-based companies.
This high-level event brought together key decision-makers and stakeholders from the UK and Egypt, including senior representatives from the government including Walid Gamal Eldin the Chairperson of the Suez Canal Economic Zone, international investors, and the private sector, to unlock investment and collaboration opportunities across Egypt's evolving infrastructure landscape.
Commenting on the event, Todd Wilcox HSBC Egypt Deputy Chairperson and CEO said, 'Egypt is taking bold steps to position itself as a regional business hub, through economic reform and investment in sustainable infrastructure. Hosting this forum is part of our continued effort to catalyze strategic partnerships that support Egypt's transformation. By connecting investors with high-potential opportunities, we aim to accelerate progress toward a more sustainable and resilient economy.'
The discussion focused on several high-impact sectors vital to Egypt's infrastructure development, including clean and renewable energy, digital infrastructure and waste management. Attention was also given to the opportunities in nearshore manufacturing aimed at export markets to support economic growth.
Mohanad Khaled, EBCC Chairperson added, 'We are delighted to work alongside HSBC and UK Export Finance to bring UK-Egypt relations to the forefront of infrastructure investment. Forums like this are vital for building bridges between markets, industries, and policymakers. We would also like to thank the UK Department of Business and Trade and the British Embassy in Cairo for their partnership on the mission to Egypt.'
'UK Export Finance is proud to support British companies in delivering high-quality solutions to Egypt's infrastructure ambitions. Through this collaboration with HSBC and EBCC, we are enabling projects that have both commercial and developmental impact,' said Mohamed Saad, Country Head of Egypt and Algeria, UKEF.
In addition to panel discussions, the forum featured curated business-to-business (B2B) and business-to-government (B2G) meetings, offering direct engagement opportunities to facilitate actionable partnerships and commercial outcomes.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Egypt's President reviews energy plan, stresses renewables and localisation
Egypt's President reviews energy plan, stresses renewables and localisation

Daily News Egypt

time7 hours ago

  • Daily News Egypt

Egypt's President reviews energy plan, stresses renewables and localisation

Egyptian President Abdel Fattah Al-Sisi has directed the government to intensify efforts to attract investment in the renewable energy sector and pursue the local manufacturing of its components, the presidency said in a statement. The president met in Alamein City on Tuesday with Prime Minister Mostafa Madbouly and Minister of Electricity and Renewable Energy Mahmoud Essmat to review the electricity ministry's action plan. According to presidential spokesperson Ambassador Mohamed El-Shennawy, the discussion covered the development of Egypt's energy mix, the use of renewable energy and storage batteries, and efforts to improve the national grid through electrical interconnection projects. The electricity minister outlined measures taken by the ministry to improve services, including coordinating with the petroleum ministry to secure gas and fuel for power stations. He also detailed the regular monitoring of maintenance programmes, efforts to combat electricity theft and reduce losses in the network. Essmat stated that plans were underway to add approximately 2,000 megawatts (MW) of new capacity from renewable sources, representing investments of around $2.3bn. The spokesperson added that the meeting also addressed efforts to localise the manufacturing of equipment for the electricity and renewable energy sectors. This includes coordination with major foreign companies that manufacture storage batteries and wind turbines to establish those industries in Egypt. The minister provided an update on the national grid's capacity to absorb renewable energy. He noted that current installed renewable capacity totals 8,031 MW, sourced from wind, solar, and hydropower. The meeting also reviewed projections for renewable capacity in 2030 under the country's Integrated and Sustainable Energy Strategy, as well as the expected solar and wind capacity to be added to the grid by June 2028. The spokesperson said the meeting also covered developments on major energy projects. These include the Dabaa Nuclear Power Plant, the 3,000 MW Egypt-Saudi Arabia electrical interconnection project with investments of about $1.8bn, and the ongoing efforts to implement the Egypt-Greece electrical interconnection. President Al-Sisi stressed the need for the government to ensure a sustainable supply of electricity for the national grid, industrial sectors, and services, and to intensify work on projects aimed at raising the efficiency of the energy system. He directed the government to continue improving electricity services in all governorates and to enhance the national grid's ability to handle expected increases in consumption. This would be achieved through the continuous modernisation of generation plants, transmission and distribution networks, and control centres, the statement said.

HSBC Egypt, EBCC and UK Export Finance host high-level Investment, Infrastructure Forum in Cairo
HSBC Egypt, EBCC and UK Export Finance host high-level Investment, Infrastructure Forum in Cairo

Daily News Egypt

time14 hours ago

  • Daily News Egypt

HSBC Egypt, EBCC and UK Export Finance host high-level Investment, Infrastructure Forum in Cairo

HSBC Egypt, in collaboration with the Egyptian-British Chamber of Commerce (EBCC) and UK Export Finance (UKEF), proudly hosted the EBCC-HSBC-UKEF Investment and Infrastructure Forum at its Head Office in Cairo. The forum served as a strategic highlight of the broader EBCC-Department for Business and Trade (DBT) infrastructure mission to Egypt which included nearly 20 UK-based companies. This high-level event brought together key decision-makers and stakeholders from the UK and Egypt, including senior representatives from the government including Walid Gamal Eldin the Chairperson of the Suez Canal Economic Zone, international investors, and the private sector, to unlock investment and collaboration opportunities across Egypt's evolving infrastructure landscape. Commenting on the event, Todd Wilcox HSBC Egypt Deputy Chairperson and CEO said, 'Egypt is taking bold steps to position itself as a regional business hub, through economic reform and investment in sustainable infrastructure. Hosting this forum is part of our continued effort to catalyze strategic partnerships that support Egypt's transformation. By connecting investors with high-potential opportunities, we aim to accelerate progress toward a more sustainable and resilient economy.' The discussion focused on several high-impact sectors vital to Egypt's infrastructure development, including clean and renewable energy, digital infrastructure and waste management. Attention was also given to the opportunities in nearshore manufacturing aimed at export markets to support economic growth. Mohanad Khaled, EBCC Chairperson added, 'We are delighted to work alongside HSBC and UK Export Finance to bring UK-Egypt relations to the forefront of infrastructure investment. Forums like this are vital for building bridges between markets, industries, and policymakers. We would also like to thank the UK Department of Business and Trade and the British Embassy in Cairo for their partnership on the mission to Egypt.' 'UK Export Finance is proud to support British companies in delivering high-quality solutions to Egypt's infrastructure ambitions. Through this collaboration with HSBC and EBCC, we are enabling projects that have both commercial and developmental impact,' said Mohamed Saad, Country Head of Egypt and Algeria, UKEF. In addition to panel discussions, the forum featured curated business-to-business (B2B) and business-to-government (B2G) meetings, offering direct engagement opportunities to facilitate actionable partnerships and commercial outcomes.

HSBC Egypt, EBCC and UK Export Finance Host High-Level Investment and Infrastructure Forum in Cairo
HSBC Egypt, EBCC and UK Export Finance Host High-Level Investment and Infrastructure Forum in Cairo

bnok24

time15 hours ago

  • bnok24

HSBC Egypt, EBCC and UK Export Finance Host High-Level Investment and Infrastructure Forum in Cairo

HSBC Egypt, in collaboration with the Egyptian-British Chamber of Commerce (EBCC) and UK Export Finance (UKEF), proudly hosted the EBCC-HSBC-UKEF Investment and Infrastructure Forum at its Head Office in Cairo. The forum served as a strategic highlight of the broader EBCC-Department for Business and Trade (DBT) infrastructure mission to Egypt which included nearly 20 UK based companies This high-level event brought together key decision-makers and stakeholders from the UK and Egypt, including senior representatives from government including Mr. Walid Gamal Eldin the Chairman of the Suez Canal Economic Zone, international investors, and the private sector, to unlock investment and collaboration opportunities across Egypt's evolving infrastructure landscape Commenting on the event, Todd Wilcox HSBC Egypt Deputy Chairman and CEO said, 'Egypt is taking bold steps to position itself as a regional business hub, through economic reform and investment in sustainable infrastructure. Hosting this forum is part of our continued effort to catalyze strategic partnerships that support Egypt's transformation. By connecting investors with high-potential opportunities, we aim to accelerate progress toward a more sustainable and resilient economy The discussion focused on several high impact sectors vital to Egypt's infrastructure development, including clean and renewable energy, digital infrastructure and waste management. Attention was also given to the opportunities in nearshore manufacturing aimed at export markets to support economic growth Mohanad Khaled, EBCC Chairman added, 'We are delighted to work alongside HSBC and UK Export Finance to bring UK-Egypt relations to the forefront of infrastructure investment. Forums like this are vital for building bridges between markets, industries, and policymakers. We would also like to thank UK Department of Business and Trade and the British Embassy in Cairo for their partnership on the mission to Egypt 'UK Export Finance is proud to support British companies in delivering high-quality solutions to Egypt's infrastructure ambitions. Through this collaboration with HSBC and EBCC, we are enabling projects that have both commercial and developmental impact,' said Mohamed Saad, Country Head of Egypt and Algeria, UKEF In addition to panel discussions, the forum featured curated business-to-business (B2B) and business-to-government (B2G) meetings, offering direct engagement opportunities to facilitate actionable partnerships and commercial outcomes Google News تابعونا على تابعونا على تطبيق نبض

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store