Page 478 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

9/17/24, 4:28 PM UAE, Egypt strengthen economic ties in key sectors
The meeting took place on the sidelines of Bin Touq's participation in the 114th

session of the Arab Economic and Social Council. The council meeting, held at the

headquarters of the General Secretariat of the League of Arab States in Cairo, was

chaired by the UAE.

The Minister of Economy highlighted the robust strategic relations and deep

fraternal bonds between the UAE and Egypt, characterised by flourishing

cooperation and partnerships in diverse sectors.

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."

He 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.

Bin Touq's meeting with 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 to

leverage the two countries' collective capabilities and resources to achieve these

transitions.

https://www.bignewsnetwork.com/news/274569644/uae-egypt-strengthen-economic-ties-in-key-sectors#google_vignette 2/3