$ 20 billion UAE investment in Egypt

“The value of Emirati investments in Egypt is currently $ 20 billion and is expected to reach $ 35 billion in the next five years,” said Jamal al-Jarwan, general secretary of the Emirati Investors Council Abroad.

Al-Jarwan expressed interest in the private sector during a meeting in Abu Dhabi today under the chairmanship of the Prime Minister, along with official representatives of the Arab Republic of Egypt and several ministers and senior officials of the Egyptian government. The United Arab Emirates is looking to invest in Egypt due to its promising growth opportunities and large projects in various sectors.

On the Emirati side, many investors reviewed the problems they face in Egypt and their ambitions to expand there. They stressed that the biggest hurdles were slow procedures and the instability of the license and the Egyptian pound exchange rate.

Egyptian Prime Minister Mustafa Madhouli said for his part that Egypt plans to increase the share of the private sector in economic activity from 30% to 65% by providing projects worth $ 40 billion over the next three years. .

He pointed out that there are facilities for investors in industrial lands and importantly in various new areas the price and value of this land is to be announced soon, setting up an office under his direct guidance to solve the problems of the investors. Supervision.

He added, “Considering the importance of cooperation and self-sufficiency imposed by the current situation, Egypt wants to attract direct investment in specific sectors such as energy, industry and agriculture.”

The two sides explored opportunities for cooperation and overcoming difficulties in securing further new investments in addition to existing ones.

See also  "Science" discusses Abu Dhabi Arabic Language Center programs and initiatives


Follow our latest local and sports news and the latest political and economic developments via Google News

Share

Print




  • Bill Dittman

    "Freelance alcohol fan. Coffee maven. Musicaholic. Food junkie. Extreme web expert. Communicator."

    Related Posts

    Best HydraFacial Clinic in Dubai: The Magic of Radiant Skin

    Many of us desire glowing, refreshed skin that enhances our natural beauty. If you’re struggling with concerns like fine lines, wrinkles, and clogged pores, HydraFacial could be the solution you’ve…

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    As a popular business-friendly destination, the United Arab Emirates has had an impressive economic growth rate which has attracted more job seekers as well as business investors to the region.…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Best HydraFacial Clinic in Dubai: The Magic of Radiant Skin

    Best HydraFacial Clinic in Dubai: The Magic of Radiant Skin

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    How to Choose the Right Mattress: Find the Best Fit for You

    How to Choose the Right Mattress: Find the Best Fit for You

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Forex Brokers Review: Is ITBFX A Safe Broker?