UK promoting business trade between Britain and Egypt

The Chief Executive of the UK’S export credit agency, UK export finance (UKEF), Louis Taylor, visited Egypt to promote the trading business between UK and Egypt with the help of the UK’’s government backed financing from UKEF.

During his stay in Egypt, he attended the launch of the Tahrir Petrochemicals Company, TPC, which is a $10.8 billion petrochemicals complex; once the complex operates, it will help increase Egypt’s total exports and turn the country into an industrial center.

UKEF is also working with other export agencies, such as commercial banks and Carbon Holdings, the sponsor of the project which will make the final preparations for financing the project. Taylor stated that UKEF will continue to support the project financially.

The launch of the Tahrir Petrochemicals Company was attended by Minister of Petroleum and Mineral Resources Tarek el Molla and British Ambassador to Egypt John Casson.