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

Engineer Ahmed Samir, Minister of Trade and Industry, confirmed 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 shows the acumen of the two countries on the sustainability and development of joint reflect relationships..

This took place during a session of the extended talks that the minister held 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 the development and development of joint trade and investment relations and the implementation of the plans of the governments of Egypt and the UAE to improve joint economic cooperation, showing on the major national projects carried out by the Egyptian state during the current stage, as well as the leading 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, and expressed the Egyptian side’s aspiration to promote and develop joint relations to different levels that are in the interest of the Egyptian and Emirati are. economies alike..

The minister expressed his appreciation for the efforts of the United Arab Emirates to make the Egyptian participation in Expo Dubai 2020 a success, and the great support it has given to the Egyptian pavilion, which has achieved unprecedented success compared to all Egyptian participation in Expo exhibitions, where the Egyptian pavilion won the 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 has 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 improving 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, which shows the ministry’s zeal to provide all aspects of support. For Egyptian and Emirati investors, either in the Egyptian market or in the UAE market, with the aim of jointly developing and developing investment projects

For his part, Abdullah bin Touq Al Marri, Minister of Economy of the UAE, expressed his country’s zeal to develop and develop bilateral relations with the sister state of Egypt in various fields and at all levels, and expressed thanks and appreciation to the Egyptian state for its outstanding participation in the Dubai Expo 2020, where the archaeological sarcophagus displayed in the content of the exhibition contributed to increase 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 ongoing follow-up of 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 the movement of trade and investment indicators.

The minister praised the investment and development projects, goals and strategic plans implemented by the Egyptian state at the current stage, especially the project to plant 1.5 million palm trees in the south of Egypt, as well as projects to grow wheat, maize and produce fruits with Emirati investments in the Toshka region, noting that the celebration organized this week by the two countries 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 major global forum, as well as in its preparation to host the next climate conference COP 28Point out that the two countries represent a global trade and logistics 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 has invited Eng Ahmed Samir, Minister of Trade and Industry, to head a delegation of Egyptian businessmen to participate in the global investment conference organized by the UAE government in Abu Dhabi next March to to present Egyptian state’s vision. attract more foreign investments to invest in the Egyptian market and benefit from the investment of the incentive system

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