UK Export Finance has signed a memorandum of understanding (MoU) with Hassan Allam Holding for further cooperation in several projects across Africa, according to a press release published on January 16th.

Signed at the British Embassy in Cairo, the MoU aims at boosting cooperation between the UK Export Finance and Hassan Allam to further secure inward investment into the UK, as well as encourage cooperation on financing projects.

The MoU will also promote trade between the UK and Africa as a whole.

Commenting on the signed MoU, British Ambassador to Egypt Gareth Bayley said: “We look forward to continuing our work together, bringing mutual trade and prosperity to Egypt and the UK.”

“We are proud to have signed a MoU with UK Export Finance, which will foster a number of significant projects, promoting cooperation on financing projects and encouraging trade between the UK and the continent. Such strategic partnerships highlight our commitment to delivering mega projects across Africa,” Hassan Allam, CEO of Hassan Allam Holding, said.

“UK Export Finance has supported projects in Egypt and across Africa that have transformed local infrastructure and supported livelihoods. We want to build upon these achievements, and this partnership will help us to identify future opportunities in the region where UK exporters can bring substantial benefits,” Tim Reid, CEO of UK Export Finance, remarked.

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