Nasr discusses increasing investments with UK companies

Investment and International Minister Sahar Nasr discussed investment opportunities with a number of UK companies, according to a ministry statement (pdf). Vodafone is spending EGP 2 bn on expansion in Egypt this year, External Affairs and Legal Director Ayman Essam told Nasr. GlaxoSmithKline’s investments in Egypt reached USD 800 mn, chairman Amr Mamdouh also told the minister. Facilities management and construction services outfit Carillion aid its investments have hit the USD 1 bn, according regional director Khaled Zaki, while Oil and gas exploration and production company Rockhopper is investing USD 100 mn in Egypt, Finance and Administrative manager Engy Khalaf said.