Egypt's Minister of Investment and Foreign Trade Mohamed Farid stated that trade between Egypt and the UK reached approximately £2.8bn in 2025, including £1.5bn in Egyptian exports and £1.3bn in UK exports. He highlighted efforts to strengthen their strategic partnership and drive green economy investments during his opening speech at the Climate Finance Accelerator conference.
Mohamed Farid, Egypt's Minister of Investment and Foreign Trade, noted that the UK ranks as the second-largest foreign investor in the Egyptian market. He made these remarks in his opening speech at the Climate Finance Accelerator conference, organized by the British Embassy in Cairo in partnership with Flat6Labs.
The event drew attendees including Rachel Kyte and Catherine Carr, alongside investment experts, international partners, and founders of climate-aligned startups. Farid emphasized that climate finance has evolved into a competitive economic priority, aligning with Egypt's vision to bolster its business environment for green investments.
He discussed preparations to ready Egyptian exports for global markets amid emerging carbon border adjustment mechanisms and the integration of green investments into the government's annual plans. Ongoing consultations aim to support export access, while Egypt's strategy targets increasing the renewable energy share in its electricity mix by 2030 through coordinated stakeholder efforts.
Farid praised the Climate Finance Accelerator, a UK government-funded initiative aiding developing countries like Egypt in transitioning to a low-carbon economy. It provides technical and financial support, including financial modeling, capacity building, and alignment with environmental, social, and governance (ESG) standards.