Sisi, UAE FM Discuss Boosting Emirati Investments in Egypt

Egyptian President Abdel-Fattah El-Sisi and UAE’s Minister of Foreign Affairs and International Cooperation Abdullah bin Zayed Al-Nahyan discussed means of boosting Emirati investments in Egypt in various fields, especially energy, transportation, ports and tourism.

El-Sisi received on Sunday Sheikh Abdullah with the attendance of Egyptian Minister of Foreign Affairs Sameh Shoukry, CEO of Abu Dhabi state holding company ADQ Mohamed Hassan Al-Suwaidi and Emirati Ambassador to Cairo Maryam Al-Kaabi, Egyptian Presidential Spokesman Bassam Rady said in a statement.

El-Sisi and Abdullah discussed enhancing bilateral relations at all levels, especially economic ties and investments.

The president highlighted the special relations between Egypt and the UAE, which have extended for decades since the late UAE President Sheikh Zayed Al-Nahyan, hailing the Emirati’s supportive stances toward Egypt during many historical milestones.

The meeting comes a month after the UAE’s government announced allocating an investment fund of $10 billion run by the state-owned ADQ for joint projects with Egypt and Jordan as part of a newly launched partnership industrial initiative.

Egypt, UAE and Jordan launched a joint initiative of integrated industrial partnership for sustainable economic development in Abu Dhabi late last month to achieve sustainable economic development among the three countries.

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