CAIRO: Egyptian Minister of International Affairs Sameh Shoukry, and the UK’s minister of international and commonwealth affairs and growth, Liz Truss, inaugurated the UK-Egypt Affiliation Council in London.
The 2 sides issued a joint assertion following the launch, stressing it created a brand new platform to advertise the ambitions expressed within the settlement between the UK and Egypt, signed in December 2020.
The assertion revealed that the 2 ministers held talks on growing the strategic partnership between their international locations, and welcomed quite a few industrial successes between them, together with the venture to fabricate monorail linear trains within the English metropolis of Derby with the assist of the British Export Finance Corp.
This comes along with the sale of two marine provide models that belonged to the Royal Navy to Egypt, together with contracts for renewal and growth.
The assertion added that the cooperation included the opening of a brand new photo voltaic power area with a capability of 66 megawatts by Globeleq, with an funding of $80 million; the launch of business operations by Lekela Wind Power, with an funding of $325 million; and the approval of an funding of $100 million by British Worldwide Funding to amass Alpha Medical Group.
The 2 ministers additionally mentioned prospects for enhancing financial cooperation between the UK and Egypt, and agreed to work intensively to develop bilateral commerce and funding, together with addressing any obstacles to commerce, and dealing to enhance market entry within the agricultural, healthcare, power and monetary sectors via the institution of a commerce subcommittee.
The Egyptian and UK governments additionally affirmed their dedication to enhancing bilateral cooperation and investments in healthcare and training, and welcomed the deepening of their technical cooperation, which can assist joint work to beat limitations to market entry in precedence sectors.
Future cooperation consists of the signing of a declaration of intent between the Egyptian Electrical Utility and Shopper Safety Regulatory Company and the British Fuel and Electrical energy Markets Authority, to assist reform Egyptian laws on renewable power.
The 2 ministers welcomed the strengthening of cooperation in Africa and the invention of tripartite cooperation alternatives with African international locations in varied fields, particularly infrastructure.
The UK welcomed Egypt’s preparations to host COP27 in Sharm El-Sheikh in November, stressing its want to construct on the Glasgow Local weather Constitution and former UN local weather change targets.
Egypt and the UK each pressured the significance of supporting growing peoples in reaching a good transition in direction of sustainable growth patterns which are environmentally pleasant and appropriate with efforts to fight local weather change, together with the transition in direction of sustainable power and inexperienced hydrogen, along with adapting to the consequences of local weather change, via the sustainable and built-in administration of pure assets, enhancing resilience and constructing technical and technological capacities.
The 2 ministers additionally mentioned a lot of bilateral, regional and international problems with widespread curiosity, together with human rights, mentioning their want to carry conferences of the Affiliation Council often to proceed strengthening cooperation between London and Cairo.
The UK counseled Egypt for its management and efforts within the area of renewable power technology and for offering alternatives for British traders and corporations within the power sector.
