Page 482 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/22/25, 2:23 PM Ministry Of Economy Signs Mou With Egyptian Competition Authority Enhancing Cooperation In Fields Of Competition & Combatin…

Abu Dhabi, May 2025 – The Ministry of Economy signed a Memorandum of Understanding
(MoU) with the Egyptian Competition Authority (ECA) to enhance cooperation in the fields of
competition protection and combating monopolistic practices, contributing to promoting a fair
business environment in both countries. The signing took place on the sidelines of ECA's
annual conference held in Egypt. E-commerce solutions

The MoU was signed by H.E. Safeya Hashem Al-Safi, Assistant Undersecretary for the
Commercial Control and Governance Sector at the UAE Ministry of Economy, and Dr.
Mahmoud Momtaz., Head of ECA.

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. E-commerce solutions

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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