Media ININ Economy We Trust
Cairo, May 21: The Emirates Council for Investors Abroad signed a memorandum of understanding with the Egyptian-Emirati Business Council to launch new paths that support the development and support of existing investment partnerships, in addition to offering more investment opportunities in the sectors of the new economy, green projects, recycling, clean projects, the technology sector, new digital technologies, and others. One of the areas of common interest for the business communities between the two countries.
The memorandum of understanding aims to exchange information and expand the circle of coordination and investment cooperation to serve the economic aspirations between the Arab Republic of Egypt and the United Arab Emirates.
The memorandum of understanding was signed in Cairo by His Excellency Gamal bin Saif Al-Jarwan, Secretary General of the Emirates Council for Investors Abroad, and His Excellency Engineer Gamal El-Sadat, Chairman of the Egyptian-Emirati Business Council. And Ahmed Hussein Sabbour, member of the Egyptian Senate, Chairman of the Board of Directors of Al-Ahly-Sabour Real Estate Company, and Mohamed Mahlab, Chairman of Pioneers of Modern Engineering.
Under the memorandum, the two parties will cooperate to develop and implement various initiatives with the aim of facilitating cooperation and exchanging visions and experiences, arranging direct business meetings between companies and other initiatives in order to stimulate new investment opportunities and support the business system in the two countries, in addition to supporting existing investment projects and overcoming all challenges facing them to maximize economic returns for all parties. common.
The memorandum of understanding also aims to prepare for the formation of a comprehensive system of databases, consultations and statistical information on the Egyptian and Emirati markets, to be a nucleus on which to build on more partnerships between the business communities and private sector companies on both sides, build their capacities and encourage bilateral and multilateral investment.
His Excellency Jamal bin Saif Al Jarwan said that strengthening economic and investment cooperation with the brothers in the Arab Republic of Egypt is an important step that will open new doors to strengthen the partnership between the two sides in a way that serves the business communities in the two countries, expressing his confidence in launching many successful initiatives in the future, which include conferences and promotional tours. A joint contribution that contributes to supporting aspirations in line with the UAE’s directives to continue economic openness to the world.
For his part, Engineer Gamal El-Sadat praised the role played by the Emirates Council for Investors Abroad to support and strengthen Egyptian-Emirati relations in general and economic relations in particular, stressing that the Egyptian market is currently witnessing many golden opportunities that serious investors are looking for.
He added that the Memorandum of Understanding is a framework for long-term cooperation to open new fields and create more investment opportunities, which will reflect positively on the economic relations between the two countries, especially since the Council plays a fundamental role in strengthening the leadership of Emirati investments, and contributes to exploring investment fields with high potentials. This makes us proud of signing the Memorandum of Understanding to create more opportunities for cooperation in the next stage.
The memorandum of understanding aims to support and strengthen partnerships and initiatives to contribute to the development of Emirati investments in Egypt, in addition to the development of Egyptian investments in the UAE to achieve the common goals of the two parties. Innovators that help create markets and mobilize private sector investment for mutual development, in the UAE and Egypt.
It is decided that the two councils will organize joint initiatives, conferences and promotional tours with the UAE in accordance with the memorandum of understanding, and that each party will provide the other with sufficient information about their planned initiatives, conferences, electronic seminars and reports that serve both parties and exchange experiences in emerging markets and innovative ideas on how to assist the private sector in facing The most pressing challenges of development.
