Media ININ Economy We Trust
Media In – Cairo July 1, 2018
Egypt and the United Kingdom discussed means of enhancing investment relations in light of the distinguished ties between the two countries and encouraging financing of new projects in the Egyptian petroleum sector. This came during a meeting with Eng. Tariq Al-Mulla, Minister of Petroleum and Mineral Resources of Egypt yesterday in Cairo with Lewis Taylor, CEO of the Export Finance Corporation in the United Kingdom where he reviewed the investment opportunities available in the Egyptian petroleum sector, which reflect the continuous growth in the petroleum industry in Egypt in various activities, The new refinery is currently being implemented in Cairo, Alexandria, Suez and Assiut in order to increase production capacities of refineries and improve the quality of petroleum products. Engineer Tariq Al-Mulla said in a statement published on the official website of the ministry that the growth and increase of investments in the petroleum sector in recent years and the success of implementing major projects that reflect the success of the Egyptian state in implementing its ambitious program of economic reform and achieving positive results have contributed strongly to improving the investment climate in the Egyptian economy In general and the petroleum sector in particular. For his part, the Executive Chairman of the Export Finance Corporation in the United Kingdom said that the institution is interested in strengthening cooperation with Egypt, especially with the availability of many attractive opportunities, especially in the fields of oil industry, refining and petrochemicals. He pointed out that the implementation of many positive economic reforms contributed to creating the climate to attract foreign investment and provide financing for projects New.
