Rolls-Royce wins £237m Lebanese order for Trent 7000 engines

Rolls-Royce has signed a $300 million deal with Middle East Airlines (MEA) to provide engines and support to its new fleet of aircraft.

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

The event saw the deal signed between Rolls-Royce and MEA, who have announced that the Airbus A330-900 will be the face of a new fleet of aircraft. The deal will see the British company providing support for the Trent 7000 engines which power the Airbus aircraft. The combined value of the engines and services to Rolls-Royce is approximately $300 million (£237 million).

The economic relationship between UK and Lebanon is growing stronger, with a range of significant opportunities opening up for British companies in recent months. Lebanon’s $23 billion 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 – and the largest UK-Lebanon trade deal in recent history demonstrates the strength of our ties.

“Our relationship with Lebanon is hugely important – covering security, the economy and aid to support it with its refugee crisis – and today’s 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’s 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’m 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.”

The relationship between the UK and Lebanon is growing stronger. British companies have supported infrastructure development in the country, provided assistance to the Lebanese Armed Forces and investment to help create jobs. Total trade between the countries currently stands at £586 million a year, with British exports making up the vast majority of this.

There is already a thriving UK business scene in Lebanon. The 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.

Rolls-Royce www.rolls-royce.com