Egyptian Ministers meet with industry leaders in London during BEBA Mission as Egypt prepares for COP27

12 May 2022, CAIRO – In preparation for COP27 and as part of BEBA’s role to support Egypt’s sustainable development, the British Egyptian Business Association (BEBA) In collaboration with the UK’s Department for International Trade (DIT) is organizing its seventh annual business mission to the UK, entitled Road to COP27: Bridging the Implementation and Financial Gap and taking place May 17-20, 2022. During the four-day mission, around 5 Egyptian Ministers and 70 business leaders will gather in London to explore ways of advancing climate-driven policies through UK-Egyptian cooperation and investment in strategic sectors including finance (green finance and bonds), healthcare, infrastructure, renewable energy (green hydrogen), and opportunities in the Suez Canal Economic Zone. They will be meeting with various UK ministers and investors to discuss opportunities for private sector investment in green projects in Egypt ahead of COP27. Moreover, there will be plentiful opportunities for networking and B2B engagement across the four days. This mission is intended to foster Egypt-UK trade relations, showcase economic incentives that promote green transformation in Egypt, provide a platform for dialogue and cultivate a deeper sense of understanding on mutually beneficial topics. British Ambassador to Egypt Gareth Bayley said: “I am proud to be the first British Ambassador to Egypt to accompany one of the biggest ministerial delegations to the UK alongside the British Egyptian Business Association to discuss trade and investment opportunities for UK companies in Egypt, including in efforts to mitigate the effects of climate change. Egypt is taking great steps ahead of its COP27 presidency in November to help create a greener, more sustainable economy not just for itself but for the entire region, leading by example. This week, marking six months to COP27, our COP26 President Mr Alok Sharma and COP27 President Designate Egyptian Foreign Minister Sameh Shoukry are co-chairing a Climate Ministerial Meeting in Copenhagen to focus on the implementation of key commitments in our collective response to climate change. The UK and Egypt will continue to work together to enable a cleaner and safer environment for future generations to come.” Chairman of BEBA, Eng. Khaled Nosseir said: “BEBA is proud to organize the largest business mission ever conducted in terms of Ministers, government officials and business leaders from both the UK and Egyptian sides. We are excited about the extensive program with seminars, meetings, events & roundtables as well as the door-knock program. We strive to help businesses foster Egypt-UK relations.” Expected to accompany the mission will be Minister of Finance Dr Mohamed Maait, Minister of International Cooperation Dr Rania Al Mashat, Minister of Planning and Economic Development Dr Hala El Said, Acting Minister of Health Dr Khaled Abdelghaffar and Minister of Electricity and Renewable Energy Dr Mohamed Shaker, as well as Chairman of the Suez Canal Economic Zone Engineer Yehia Zaki, Deputy Governor of the Central Bank of Egypt Mr Rami Aboul Naga, Chairman of the Unified Procurement Authority General Dr Bahaa Eldin Zidan and many other senior policymakers and business representatives. END Notes to Editors:

• This November, Egypt will host COP27—the United Nation’s annual Climate Change Conference—on behalf of the African nations. This flagship event, taking place in the Red Sea resort of Sharm El-Sheikh, will serve as a rallying cry to an international community facing the mounting threat of climate change.

• At the same time, COP27 represents a critical opportunity for Egypt to promote its domestic agenda on climate action, as enshrined in its ambitious Vision 2030 initiative. Vision 2030 places sustainable development—from green financing to renewable energy—at its heart, working within the framework of the UN Sustainable Development Goals (SDGs) and the commitments of the international community arising from the 2015 Paris Agreement.