CAIRO: British Member of the House of Commons Jeffrey Donaldson has been appointed as a commercial envoy of Prime Minister David Cameron to Egypt, Youm7 reported from London Friday.
During his official visit to London, Egyptian President Abdel Fatah al-Sisi spoke to the directors of major British businesses and ministers at a large economic meeting Thursday.
Egypt and the U.K. are “committed to their partnership,” which led to $5.4 billion in British investments in Egypt last year, Youm7 reported British Minister of Trade Francis Maude as saying at the Thursday meeting.
The U.K. is the largest foreign investor in Egypt at more than $20 billion in businesses and a trade exchange of $2.7 billion, according to Youm7.
Maude added noted that Egypt has “exciting plans” to develop ports, railways and roads, especially at the Suez Canal area, emphasizing the U.K.’s experience in managing ports since the 19th century.
He also pointed to his country’s experience in mining and oil and gas exploration.