Page 62 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 1)

Press Release

strategies to facilitate the transition towards circular and green economies in order to leverage the
two countries’ collective capabilities and resources to achieve these transitions.

The meeting also discussed fostering bilateral cooperation in cutting-edge technology and
innovation applied in the development of airport infrastructure, apart from initiatives and strategies
for fostering the growth of industrial clusters, which serve as catalysts for economic growth and
sustainable development.

H.E. Bin Touq’s meeting with H.E. Dr. Rania Al Mashat examined ways to strengthen economic
relations in areas of shared interest. It explored potential financing options to facilitate the
development of new joint projects, taking the development visions of both countries into
consideration.
The two sides deliberated on sharing expertise in international collaboration and development
funding to foster joint initiatives that create new opportunities for growth and strengthen
communication channels between the UAE and Egypt’s business communities. The UAE is the
top Arab investor in Egypt, and the third largest globally.

H.E. Bin Touq elaborated on the fundamental pillars of the ‘We the UAE 2031’ vision, which aims
to position the country as a global hub for the new economy by the next decade. It aligns with the
forward-thinking vision of the country’s wise leadership and is supported by an array of policies
and legislative amendments adopted by the UAE government. These include the development of
a robust economic legislative framework, the launch of pioneering initiatives and programs to
attract FDI, as well as the establishment of a comprehensive legislative system to protect
intellectual property. Furthermore, an ambitious strategy has been implemented to attract talent
across key sectors, thereby bolstering the country's standing as a prominent hub for creativity and
innovation.

H.E. Bin Touq invited the two Egyptian ministers to attend the fourth edition of Investopia,
scheduled to take place in February 2025. The event will serve as a key platform to explore
promising opportunities that the UAE offers to global investors.

-Ends-

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