Media ININ Economy We Trust
ABU DHABI, April 13 / His Excellency Jamal bin Saif Al Jarwan, Secretary General of the Emirates Council for Investors Abroad, affirmed that the UAE and the Arab Republic of Egypt have historical and fraternal ties, as economic and investment cooperation between the two countries is witnessing great development in all fields, indicating that economic and investment relations are A strong reflection of the strength of relations and the aspirations of the leadership of the two brotherly countries, as economic indicators clearly reflect this.
Al-Jarwan said that the UAE is the first in the Arab world in terms of investments in the Arab Republic of Egypt, which is constantly increasing, in addition to the continuous desire of the two countries to increase Emirati investments to reach $28 billion by the end of the first quarter of 2023, compared to $20 billion at the end of the first quarter of the year 2020, with a growth rate of 40%. % while we aim to reach $35 billion over the next decade in the sectors of tourism, education, logistics, food industries, clean and renewable energy, aviation, pharmaceutical industries and transportation.
He pointed out that the Egyptian market embraces nearly 3,000 Emirati companies operating in many sectors, especially communications, building and construction, smart cities, retail trade, oil and gas, ports and agriculture, hotels, services, and others.
