His Excellency President Abdel Fattah Al-Sisi, President of the sisterly Arab Republic of Egypt, received yesterday at the headquarters of the Presidency of the Republic in the new city of El Alamein, an Emirati delegation headed by His Highness Sheikh Tahnoun bin Zayed Al Nahyan, National Security Adviser.
During the meeting, the two sides discussed ways to enhance bilateral relations between the two countries at various levels, and to enhance joint Emirati-Egyptian investment efforts in Egypt in various sectors.
During the meeting, His Highness Sheikh Tahnoun bin Zayed Al Nahyan conveyed the greetings of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces to His Excellency the Egyptian President, praising the attractive investment climate in Egypt in light of the comprehensive development it is witnessing under the leadership of His Excellency President Abdel Fattah Al-Sisi. This provides unprecedented opportunities for Emirati and foreign investments, as direct Emirati investments in Egypt exceeded $15 billion, with a contribution rate of more than 13% of the total global foreign investment at the end of 2020.
For his part, the Egyptian President welcomed His Highness Sheikh Tahnoun bin Zayed Al Nahyan and his accompanying delegation, and conveyed his greetings to His Highness Sheikh Mohamed bin Zayed Al Nahyan, praising the strong brotherly relations between Egypt and the UAE, and their advanced level at various levels.
It is noteworthy that the Sovereign Fund of Egypt and the Abu Dhabi Development Holding Company launched a joint strategic investment platform in 2019 with a value of 20 billion dollars, as the Abu Dhabi Development Holding Company financed investment projects worth 3 billion dollars.
Mohammed Al-Suwaidi, CEO of Abu Dhabi Holding Group, stressed that the Egyptian market is a promising market, and there are projects in the Egyptian market that are attractive to investors.