Egypt taking bold steps to become regional business hub: HSBC Egypt CEO - Economy
Egypt is taking decisive steps to position itself as a regional business hub, stated Todd Wilcox, deputy chairman and CEO of HSBC Egypt, as 20 UK-based companies gathered in Cairo this week in a forum to explore new investment opportunities.
HSBC organized the event in partnership with the Egyptian-British Chamber of Commerce (EBCC) and UK Export Finance (UKEF).
The EBCC–HSBC–UKEF Investment and Infrastructure Forum, held at HSBC Egypt's headquarters, brought together senior Egyptian officials — including Walid Gamal El-Din, chairman of the Suez Canal Economic Zone — alongside international investors and industry leaders. The forum formed part of a broader mission to Egypt led by the UK Department for Business and Trade.
Discussions focused on unlocking investment and collaboration opportunities across key sectors of Egypt's economy, including renewable energy, digital infrastructure, waste management, and export-oriented manufacturing.
'By connecting investors with high-potential opportunities, we aim to accelerate progress towards a more sustainable and resilient economy,' Wilcox said.
Mohanad Khaled, chairman of the EBCC, thanked HSBC and UKEF for strengthening UK–Egypt business ties. Mohamed Saad, UKEF's country head for Egypt and Algeria, reaffirmed the UK government's commitment to supporting British companies delivering commercial and developmental impact in Egypt.
The forum also facilitated targeted business-to-business and business-to-government meetings, helping to create direct engagement channels expected to lead to new commercial partnerships, particularly in Egypt's growing infrastructure sector.
Egypt is pursuing a strategy to increase private sector participation in the national economy while seeking to attract greater inflows of foreign direct investment.
The country remains in talks with the International Monetary Fund (IMF) over the fifth review of its $8 billion Extended Fund Facility loan programme.
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