The Minister of Trade and Industry discusses with the UAE Minister of Economy ways to develop and develop economic relations during the next phase

Economy Holes

Ahmed Samir, Minister of Trade and Industry, emphasized 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.

He stated that this month witnessed the two countries’ celebration of the 50th anniversary of the establishment of diplomatic and fraternal relations between the two countries, reflecting the two countries’ keenness on the sustainability and development of joint relations.

This took place during a session of the extensive talks that the Minister held with Abdullah bin Touq Al Marri, UAE Minister of Economy and his accompanying delegation. The meeting was attended by Minister of Commerce Commissioner Yahya Al Wathiq Billah, Head of the Commercial Representation Authority, and a number of members of the UAE Embassy in Cairo.

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 Egyptian and UAE governments to improve joint economic cooperation, pointing out the major national projects that the Egyptian state is taking during the current stage, as well as the leading investment opportunities that are available in the Egyptian market in large numbers. From the 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 endeavor to promote and develop joint relations to different levels in the interest of the Egyptian and Emirati economies. .

The minister expressed his appreciation for the efforts of the United Arab Emirates to make the Egyptian participation in Expo 2020 Dubai 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 took 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 to improve food and pharmaceutical security, especially in light of the current global economic crisis, and to promote cooperation and joint integration in the field of industry, to achieve investment. , supply chains, agriculture, fertilizers, textiles, minerals and petrochemicals.

He pointed to the ministry’s zeal to provide all aspects of support to Egyptian and Emirati investors, either in the Egyptian market or in the UAE market, with the aim of developing joint investment projects.

For his part, Abdullah bin Touq Al Marri, Minister of Economy of the UAE, confirmed his country’s zeal to develop and develop bilateral relations with the sister state of Egypt in various areas and at all levels. In increasing the demand for the Egyptian pavilion in specific 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 for the production of wheat, corn and fruit with Emirati investments in the Toshka area, pointing out 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 in, with the participation of more than 20 Emirati investors.

Al-Marri noted that the UAE will participate in the activities of the COP 27 climate conference in Sharm El-Sheikh; In support of the Egyptian state in this major global forum, as well as in the context of its preparation to host the next COP 28 climate conference, pointing 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 Asia.

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 investment to invest in the Egyptian market and benefit from the investment incentive system.

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