UAE and Egypt: Steadily Growing Economic Relations
The UAE and Egypt are continuing to strengthen their strategic and fraternal relations.
The recent meeting between HH Abdullah bin Touq Al Marri, Minister of Economy, and HH Eng. Kamel Elwazir, Deputy Prime Minister for Industrial Development in Egypt, along with Her Excellency Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation of Egypt, reflects their commitment to enhancing economic partnerships.
The UAE and Egypt share significant economic potential and a crucial geographic location that allows access to strategic markets.
Their economic relations have been steadily growing across various sectors.
This cooperation and joint efforts will strengthen economic ties, establish new projects.
Enhancing collaboration in infrastructure, logistics centers and industrial sectors.
The recent partnership agreement related to the development of Ras Al Hekma area stands as a pivotal milestone.
Notably, it represents the largest foreign direct investment in Egypt’s history.
Such initiatives contribute to economic growth and mutual investments.
During their meetings, discussions covered enhancing collaboration in infrastructure, logistics centers and industrial sectors.
As well as the transition toward circular and green economies.
Leveraging the potential of both countries will undoubtedly support sustainable economic growth.
Additionally, the exchange of expertise in international cooperation and development financing was on the agenda.
Encouraging joint efforts to create new developmental opportunities strengthens communication channels between UAE and Egyptian business communities.
It’s worth noting that the UAE is the largest Arab investor in Egypt and ranks third globally.
Invitation to Investopia
His Excellency Abdullah bin Touq Al Marri also highlighted the vision of “We are the UAE 2031.”
This ambitious vision aims to position the UAE as a global hub for the new economy within the next decade.
As part of its celebration of the “International Day of Charity”, which falls on September 5, the United Arab Emirates continues to affirm its pioneering role in supporting humanitarian causes around the world, most notably Chivalrous knight operation 3 in the Gaza Strip, which… pic.twitter.com/9X9quPOSbN
— UAE Voice (@uae_voiceeng) September 6, 2024
The government’s steps, including developing economic legislation, launching innovative initiatives, and fostering an attractive investment climate, align with this forward-thinking approach.
Protecting intellectual property rights and attracting talent across vital sectors further solidifies the UAE’s position as a center for creativity and innovation.
Lastly, His Excellency extended an invitation to His Excellency Eng. Kamel Elwazir and Dr. Rania Al-Mashat to participate in the fourth edition of “Investopia,” scheduled for February 2025.
This event will provide a significant platform to explore the promising opportunities the UAE offers to investors worldwide.
It also fosters collaboration across diverse economic sectors.
