Page 457 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

between the UAE and Egypt, characterised by flourishing cooperation and partnerships in diverse
sectors.

H.E. Bin Touq said: “Both countries possess significant economic resources and potential, and
boast strategic geographic locations that facilitate access to numerous key markets. The economic
relations between the UAE and Egypt are also continuously evolving across different sectors. The
UAE is committed to fostering joint efforts with our partners in the Egyptian government to enhance
economic cooperation and establish new projects that align with the future visions and aspirations
of both nations.”

Ras Al Hikma

Bin Touq emphasised that the recently signed partnership agreement between the two countries for
the Ras Al Hikma development project is a key milestone in the growth of economic ties and
fostering mutual investment flows, particularly considering that it is the largest FDI in Egypt's
history.

H.E. Bin Touq’s meeting with H.E. Eng. Kamel Al Wazir explored the strengthening of collaboration in
various projects concerning infrastructure, logistics centres, and industrial sectors in both nations.
The two ministers exchanged insights and knowledge on effective policies and strategies to
facilitate the transition towards circular and green economies in order to leverage the two
countries’ collective capabilities and resources to achieve these transitions.

The meeting also discussed fostering bilateral cooperation in cutting-edge technology and
innovation applied in the development of airport infrastructure.

H.E. Bin Touq’s meeting with H.E. Dr. Rania Al Mashat examined ways to strengthen economic
relations in areas of shared interest. It explored potential financing options to facilitate the
development of new joint projects, taking the development visions of both countries into
consideration.

The two sides deliberated on sharing expertise in international collaboration and development
funding to foster joint initiatives that create new opportunities for growth and strengthen
communication channels between the UAE and Egypt’s business communities.

The UAE is the top Arab investor in Egypt, and the third largest globally.

‘We the UAE 2031’

H.E. Bin Touq elaborated on the fundamental pillars of the ‘We the UAE 2031’ vision, which aims to
position the country as a global hub for the new economy by the next decade.

It aligns with the forward-thinking vision of the country’s wise leadership and is supported by an
array of policies and legislative amendments adopted by the UAE government. These include the

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