Page 476 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/22/25, 2:22 PM Ministry of Economy signs MoU with Egyptian Competition Authority enhancing cooperation in fields of competition & combating mo…
H.E. Safeya said that the signing of the MoU reflects the Ministry of Economy’s commitment to
expanding its regional and international partnerships in the field of competition, adding that

cooperation with ECA will support efforts to achieve more market transparency, enhance
investor confidence, and serve the interests of consumers in both countries.

The Assistant Undersecretary explained that the agreement is an effective framework for
enhancing institutional cooperation between the two sides in the field of competition protection.

It contributes to the development of relevant policies and procedures, positively impacting the

business environment in both countries and empowering businesses to address monopolistic
practices, as well as supporting efforts for sustainable economic development.

The MoU, which spans four years and is automatically renewable, stipulates cooperation on
several fronts, including the exchange of experiences, knowledge, and best practices, the

organization of training programs and joint workshops, as well as the exchange of information
and specialized studies. Additionally, it aims to enhance capabilities in the areas of examining

economic concentration processes and investigating violations. The MoU also allows both
parties to benefit from the United Nations Conference on Trade and Development (UNCTAD)

centre for competition training for the Middle East and Africa region, based in Cairo.

The MoU falls within the framework of the growing relations between the UAE and Egypt, and

supports joint efforts to enhance Arab economic integration, in line with the ‘We the UAE 2031’
vision aimed at building a competitive, open, and sustainable economy, and Egypt Vision 2030,

which seeks to establish a competitive and diversified knowledge-based economy.

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