皇冠体育app

• Rolls Royce signs $300 million deal with Middle East Airlines to provide engines and support to new fleet of aircraft
• More than 200 Lebanese contracts open for UK companies to bid on
• Lebanese PM Saad Hariri to meet with Cabinet Ministers during visit

Senior Cabinet Ministers, including International Trade Secretary Dr Liam Fox and International Development Secretary Penny Mordaunt, will meet with Lebanese PM Saad Hariri, as he leads a delegation to the inaugural UK-Lebanon Business Investment Forum in London today.

皇冠体育app event saw a deal signed between Rolls Royce and Middle East Airlines (MEA), who have announced that the Airbus A330-900 will be the face of a new fleet of aircraft. 皇冠体育app deal will see the British company providing support for the Trent 7000 engines which power the Airbus aircraft. 皇冠体育app combined value of the engines and services to Rolls-Royce is approximately $300 million.

皇冠体育app economic relationship between UK and Lebanon is growing stronger, with a range of significant opportunities opening up for British companies in recent months. Lebanon鈥檚 $23bn Capital Investment Programme, with more than 200 projects in transport, power-generation and water supply is open for UK companies to bid on.

Foreign Secretary Jeremy Hunt said:

This is great news for British business 鈥� and the largest UK-Lebanon trade deal in recent history demonstrates the strength of our ties.

Our relationship with Lebanon is hugely important 鈥� covering security, the economy and aid to support it with its refugee crisis 鈥� and today鈥檚 Forum is a vital moment to support Lebanon and celebrate our strong trade and investment links. A stable and prosperous Lebanon is vital for the wider security and stability of the Middle East.

International Trade Secretary Dr Liam Fox said:

Today鈥檚 Forum comes as the UK looks to broaden its trading relationships around the world, as we take control of our independent trade policy for the first time in 40 years.

I鈥檓 delighted to see so many opportunities for British businesses in Lebanon, and my international economic department stands ready to assist any business that wants to expand or start their export operation to the country with strong package of support.

Prime Minister Designate of Lebanon Saad Hariri said:

I look forward to the opportunity of discussing our ambitious reform and capital investment program with leaders of the UK business community.

This program entails a large participation by the private sector, and I hope today鈥檚 agreement between MEA and Rolls Royce opens the way for an increase in partnership between our two countries.

皇冠体育app relationship between the UK and Lebanon has never been stronger. British companies have supported infrastructure development in the country, the UK has provided assistance to the Lebanese Armed Forces and investment to help create jobs. Total trade between the countries currently stands at 拢586m a year, with British exports making up the vast majority of this.

皇冠体育appre is already a thriving UK business scene in Lebanon. 皇冠体育app Port of Beirut is the busiest port in the Eastern Mediterranean thanks to the Beirut Container Terminal Consortium, a joint venture with Mersey Docks and Harbour UK. And, more Jaguars and Land Rovers are sold per head in the country than anywhere else in the world.

Today鈥檚 event aims to develop this relationship further in the context of transitioning to a new bilateral agreement with Lebanon as the UK leaves the European Union. Speakers include FCO Middle East Minister Alistair Burt, and Her Majesty鈥檚 Trade Commissioner Simon Penney.

Prime Minister Hariri and the Lebanese delegation will meet with the DIT and DFID Secretaries of State and HRH the Prince of Wales, making this the most senior bilateral interaction in recent years.

Further Info:

• Just last month we welcomed the launch of a unique partnership between the UK and Lebanon: the new London Stock Exchange Group鈥� ELITE programme for helping Lebanese businesses attract global investors.
• 皇冠体育app Forum will focus on elaborating the Government of Lebanon鈥檚 Vision for Stabilisation, Growth and Employment, announced at the CEDRE conference in Paris earlier this year.
• 皇冠体育app UK welcomes the recommitment to this CEDRE economic reform vision, with its focus on improving the ease of doing business, tackling corruption, reforming the electricity sector and putting the country on a sustainable fiscal path