Page 484 - 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 & combating mo…
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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