The meeting has discussed further expanding commercial,
industrial and investment cooperation between the two countries.
Cairo- Mar 7, 2022
Minister of Trade and Industry Nevine
Gamea has received UAE Ambassador to Egypt Maryam Khalifa al-Kaabi to discuss
the latest economic developments at the regional and global levels, as well as explore
ways to further expand commercial, industrial and investment cooperation between
the two countries during the next period.
The minister emphasized the need to
unify efforts by both governments to provide the needs of their respective
markets in light of the current challenges, and translate the distinguished
relations between them into tangible cooperation projects that serve the
interests of the two economies.
“There are ample investment
opportunities for the Emirati business community in the local market, notably
in the fields of textiles, leather, furniture and handicrafts,” Gamea said, stressing
the importance of strengthening cooperation between the two countries in terms
of expanding and diversifying supply chains and overcoming the challenges of
logistic transport.
Al-Kaabi, for her part, pointed out
that the UAE can well be a hub for exports of joint Egyptian- Emirati projects to
the markets of the Gulf and Southeast Asian countries, and Egypt a gateway for
Emirati products to Africa, especially under the African Continental Free Trade
Agreement (AFCFTA).
Moreover, she praised the unique
Egyptian participation in Expo 2020 Dubai, noting that Egypt Pavilion has been one
of the most-visited in the Expo.
According to official data, Egyptian
exports to the UAE amounted to $1.196 billion in 2021, mainly including building
materials, engineering and electronic products, food industries, agricultural
crops, medical industries, ready-made clothes, and furniture.