British investments in Egypt expected to reach $8 billion by 2005

Published March 12th, 2001 - 02:00 GMT

British investments in Egypt’s oil and gas sectors are expected to reach $8 billion in the next four years, minister of petroleum, Sameh Fahmi, was quoted in the weekly Middle East Times. Fahmi’s remarks came after a recent meeting of the British-Egyptian Businessmen's Council in London, said the weekly.  

 

The meeting centered around three main topics: attracting foreign investments in Egypt, increasing exports, and boosting cultural ties between the two countries.  

 

The council has managed to attract $4 billion over the past three years, reported the weekly, and exports to Britain rose by 65 percent last year – (Albawaba-MEBG) 

© 2001 Mena Report (www.menareport.com)


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