Minister of Trade: Great opportunities for the Egyptian and Emirati private sectors to enhance investment partnership

Engineer Ahmed Samir, Minister of Trade and Industry, affirmed that the Egyptian-Emirati relations represent a model for strategic relations based on achieving integration in various fields and at all levels, with the support and care of the political leadership in both countries, noting that this month is witnessing the two countries’ celebration of the 50th anniversary of the establishment of diplomatic relations. And brotherhood between the two countries, which reflects the keenness of the two countries on the sustainability and development of joint relations.

This came during a session of the expanded talks held by the Minister with Abdullah bin Touq Al Marri, Minister of Economy of the United Arab Emirates, and his accompanying delegation..

The minister said that the business circles in the two countries play a major role in developing and developing joint trade and investment relations and implementing the plans of the governments of Egypt and the UAE to enhance joint economic cooperation, pointing to the major national projects adopted by the Egyptian state during the current stage, as well as the distinguished investment opportunities available in the Egyptian market in a number of A large number of production and service sectors

Samir congratulated the UAE Minister of Economy on the occasion of the 50th anniversary of the establishment of diplomatic relations between the two brotherly countries, expressing the Egyptian side’s aspiration to advance and develop joint relations to distinct levels that are in the interest of the Egyptian and Emirati economies alike..

The minister expressed his appreciation for the efforts of the United Arab Emirates in making the Egyptian participation in Expo Dubai 2020 a success, and the great support it provided to the Egyptian pavilion, which achieved unprecedented success compared to all Egyptian participation in Expo exhibitions, where the Egyptian pavilion won third place at the level of medium-sized pavilions participating in Expo 2020 Dubai in terms of Interior design in the framework of the official competition organized by the International Bureau of Exhibitions.

Samir pointed to the importance of strengthening cooperation between the two countries in the field of tourism, especially since Egypt possesses many tourism ingredients that qualify it to attract more tourists from the United Arab Emirates.

He pointed to the importance of the industrial integration initiative signed between Egypt, the UAE, Jordan and Bahrain in enhancing food and drug security, especially in light of the current global economic crisis and achieving cooperation and joint integration in the fields of industry, investment, supply chains, agriculture, fertilizers, textiles, minerals and petrochemicals, pointing to the ministry’s keenness to provide all aspects of support. For Egyptian and Emirati investors, whether in the Egyptian market or in the UAE market, with the aim of developing and developing joint investment projects

For his part, Abdullah bin Touq Al Marri, UAE Minister of Economy, affirmed his country’s keenness to develop and develop bilateral relations with the sisterly state of Egypt in various fields and at all levels, expressing thanks and appreciation to the Egyptian state for its distinguished participation in the Dubai Expo 2020, where the archaeological sarcophagus displayed within the contents of the exhibition contributed to increasing the turnout. On the Egyptian pavilion in particular, and the Dubai Expo in general.

He referred to the great efforts of His Excellency President Abdel Fattah Al-Sisi to achieve comprehensive and sustainable economic development and his continuous follow-up to the various national and productive projects being established in Egypt, pointing to the continuous support provided by the UAE to Egyptian investors in the country, which reflects the brotherly relations between the two countries and the important role of investors in moving trade and investment indicators.

The minister praised the investment and development projects, goals and strategic plans implemented by the Egyptian state during the current stage, especially the project to plant 1.5 million palm trees in southern Egypt, as well as projects to produce wheat, corn and fruit with Emirati investments in the Toshka region, pointing out that the celebration organized by the two countries this week on the occasion of the 50th anniversary of The launch of joint relations includes economic, cultural and media activities, with the participation of more than 20 Emirati investors.

Al-Marri noted that the UAE will participate in the activities of the climate conference COP 27 in Sharm El-Sheikh, in support of the Egyptian state in this great global forum, as well as in its preparation to host the next climate conference COP 28Pointing out that the two countries represent a global trade and logistical hub, and Egypt is a gateway to the countries of the African continent, and the UAE is a hub for the countries of the Asian continent..

The UAE Minister of Economy invited Eng. Ahmed Samir, Minister of Trade and Industry, to participate at the head of a delegation of Egyptian businessmen in the global investment conference organized by the UAE government next March in Abu Dhabi to present the Egyptian state’s vision to attract more foreign investments to invest in the Egyptian market and benefit from the incentives system investment

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