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Gamea, UAE new ambassador discuss further cooperation
27 June 2021  -  Organization :  -  Sector/Entity :  -  Category : General

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The UAE is Egypt's largest trading partner in the Middle East, with a trade value of $4.111 billion in 2020.

Cairo- June 27, 2021

Minister of Trade and Industry Nevine Gamea has met with Hamad Saeed Al Shamsi, new ambassador of the United Arab Emirates to Egypt, where they discussed means of boosting cooperation between the two countries in various fields.

“The UAE is Egypt's largest trading partner in the Middle East, with a trade value of $4.111 billion in 2020, up from $3.356  billion a year earlier,” Gamea said.

She added that Egyptian exports to the UAE amounted to $2.882 billion in 2020, compared to $2.51 billion in 2019, noting that the Gulf country is the largest foreign investor in the Egyptian market too.

Al-Shamsi, for his part, stressed his country's keenness to further strengthen cooperation with Egypt, pointing out that the close strategic relations binding them have significantly developed over the past years.

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