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.