Latest news with #InvestmentandInfrastructureForum
Al-Ahram Weekly
4 hours ago
- Business
- Al-Ahram Weekly
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. Follow us on: Facebook Instagram Whatsapp Short link:
Daily News Egypt
18 hours ago
- Business
- 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.
