Page 61 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 1)

Press Release

UAE and Egypt explore development of economic partnership in

new economy, transportation, entrepreneurship, circular economy,
and industry

H.E. Bin Touq: UAE and Egypt share strategic relations & strong historical ties
and we are committed to continue collaborating with our partners in the
Egyptian government

Abu Dhabi, 8 September 2024:

H.E. Abdulla Bin Touq Al Marri, Minister of Economy, held bilateral meetings with H.E.
Lieutenant General Eng. Kamel El Wazir, the Deputy Prime Minister for Industrial Development
and the Minister of Industry and Transport of Egypt, and H.E. Dr. Rania Al
Mashat, Minister of Planning, Economic Development, and International Cooperation. The
discussion was aimed at strengthening the economic partnership between the UAE and Egypt in
various sectors including the new economy, transportation, entrepreneurship, infrastructure,
circular economy, agriculture, and industry.

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The meeting took place on the sidelines of H.E. Bin Touq’s participation in the 114 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, characterized 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.” H.E. 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