His Majesty’s Ambassador to the Arab Republic of Egypt Gareth Bayley and Deputy Chairman of The New Urban Communities Authority Eng. Amin Ghoneim signed a Sustainable Cities and Infrastructure Memorandum of Understanding (MoU) on Tuesday 6th February 2024 in Cairo.
The new partnership between the UK and the Government of Egypt will boost cooperation in the development of sustainable cities and infrastructure in Egypt by establishing a joint working group that will meet twice a year in London and Cairo.
This working group will bring together government bodies and industry representatives from both countries to exchange technical knowledge, training, expertise and best practice in the prioritisation, financing, and management of infrastructure projects.
The MoU aims to position both countries to draw on their strengths to support the delivery of infrastructure projects in Egypt. It will seek to grow the bilateral trading relationship and increase foreign investment into the Egyptian construction sector. Projects will be identified by the working group and delivered in accordance with international quality and sustainability standards.
British Ambassador to Egypt Gareth Bayley said:
This agreement reinforces our commitment to sustainable development, fostering economic growth, and attracting foreign investment into the Egyptian infrastructure sector.
It sets yet another example of a stronger and growing green partnership between both our countries, while boosting bilateral trade relations.
I am confident this collaboration will pave the way for a more sustainable and resilient future for Egypt.
The two countries already share a strong trading relationship. Total trade in goods and services between the UK and Egypt was £4.8 billion in the 12 months to September 2023, of which total UK exports to Egypt amounted to £2.6 billion.
The MoU also builds upon the UK and Egypt’s commitment to the UN’s sustainable development goals and action on climate change. In November 2022, Egypt, as COP27 President, developed the Sustainable Urban Resilience for the Next Generation Initiative in collaboration with the UN.
The initiative is committed to achieving sustainable and resilient urban cities, which the UK and Egypt are dedicated to delivering via this MoU.
The new agreement commits both countries to making progress on the sustainable development goals and climate change mitigation and adaption, including by deploying innovative climate technologies.
Distributed by APO Group on behalf of Government of UK.