UAE Minister of Economy praises mega projects and economic renaissance in Egypt

UAE Minister of Economy praises mega projects and economic renaissance in Egypt
UAE Minister of Economy praises mega projects and economic renaissance in Egypt

Abdullah bin Touq, Minister of Economy of the United Arab Emirates, praised the huge presidential and government projects and the renaissance taking place in Egypt, which he was briefed on during his visit last month.

This came during the meeting that brought together the UAE Minister of Economy today, Friday, with the Governor of the Central Bank of Egypt, Tariq Amer, who is currently visiting the UAE.

During the meeting, Bin Touq reviewed the most prominent new economic legislation and qualitative initiatives launched by the state to transform into a new knowledge-based economic model that is flexible, competitive and sustainable, and embraces talent and pioneering projects, noting that this modern economic system provides an umbrella for generating new opportunities for cooperation and partnership between the UAE. And the Arab Republic of Egypt at the level of government and the private sector during the next stage.

The UAE Minister of Economy said that the Arab Republic of Egypt is a strategic partner for his country in all sectors and economic fields, especially the financial sector, which is witnessing fruitful cooperation between the two sides at all levels, stressing his country’s keenness to advance cooperation in this vital and important sector with the Egyptian side, and support the development process. Technological development, skills development, increasing knowledge, digital and innovative services directed to the market in the two friendly countries.

He added that the financial sector is a priority in sustainable development plans led by countries to build the economy of the future, and we will work with the Egyptian side to harmonize more with the developments of information technology and digital software for stock markets, and follow the best solutions and modern technologies in the financial sector, financial technology and blockchain applications. He affirmed the UAE’s keenness to strengthen its global partnerships and explore new opportunities in this field to serve the goals of the fifty years and achieve the country’s future visions.

It is worth noting that the UAE is the largest investor in Egypt at the global level, with a cumulative investment total of more than 55 billion dirhams (15 billion US dollars), and more than 1250 Emirati companies are working in Egypt in projects and investments that cover various sectors and fields, and relations between the two countries are developing. Continuous at all levels.

 
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