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Trade minister holds cooperation talks with UAE firms in Dubai
14 September 2021  -  Sector :  -  Entity :  -  Category : General

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The talks discussed new Emirati investments in the Egyptian market in the fields of solar energy and e-commerce.

Dubai- Sep 14, 2021

Minister of Trade and Industry Nevine Gamea has met with major Emirati companies wishing to invest in Egypt, including Almaden Group, one of the largest ARC solar glass manufacturer, and online marketplace Noon.

“Egypt is so keen on strengthening investment relations with the United Arab Emirates and increasing its presence in the local market,” Gamea said, pointing to the various incentives provided by the government to create a business-friendly climate.

The minister discussed with Ghanim al Mazrouei, chairman of Almaden Group, the ventures that the company intends to implement in Egypt, including: establishing a solar energy project, a glass factory for solar panels, in addition to partnering with German and Swiss companies to invest in the field of green hydrogen.

Gamea also met with a delegation from Noon, led by CEO Faraz Khalid, where they explored the company's future investments in the Egyptian market as well as its expansions in the Middle East.

The meeting also discussed potential cooperation with the ministry to boost Egyptian exports to Gulf countries, launching joint initiatives to market handicraft products through Noon’s platform, and plans to establish new warehouses and distribution centers across Egypt.


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