British oil company BP Global has plans to invest some $13 billion in Egypt before 2020, the UK embassy in Cairo said in a statement on Monday. According to the embassy, Britain has been providing investment flows worth $30.5 billion since 2011, with three major British companies – Vodafone, Unilever and GlaxoSmithKline – investing EGP 3.785 billion in Egypt last month. The embassy added "some details, given for the first time" at the International Monetary Fund (IMF) board meeting, which included the UK executive director on the board, to decide on the Egyptian financial request on 11 November. "The UK played a vital role in the IMF decision as a founder and important contributor to the fund," the statement read, adding that Egypt's reform programme will "revive Egypt's growth prospects by restoring stability and confidence in the economy, attracting investment and creating jobs."
