Thursday 21 Nov
UAE Ambassador to Cairo, Mariam Al Kaabi affirmed today, Tuesday, that the United Arab Emirates looks forward to implementing new investment projects in Egypt using various and innovative financing tools. This came during a meeting between the ambassador and Minister of Finance Ahmed Kouchouk.
The ambassador praised the
distinguished relations between the two sisterly countries, which she said
encourage the establishment of new investment projects. Egypt, with its
potential to become a commercial and industrial center for the African and
European markets, is a prime location for such ventures.
The Minister of Finance, Ahmed
Kouchouk, responded by emphasizing their efforts to create a more attractive
business environment for private sector investment. This, he explained, would
contribute to achieving the government's program goals, promoting economic
stability, and driving sustainable growth. Ultimately, these efforts aim to
improve citizens' lives, enhance service levels, and generate more job
opportunities.
Highlighting their commitment to
a strong investment climate, he noted their focus on enhancing tax policy
stability and transparency, alongside improved relations with the business
community.
These efforts aim to ensure a steady flow of investments. The Minister further emphasized their desire to build an even stronger partnership with Egypt. He highlighted the importance of exchanging expertise in economic and financial policies to benefit both nations. Open to collaboration across all sectors – official, governmental, private, and business – they particularly welcome expanded Emirati investments in various Egyptian fields. This builds upon the long-standing partnership between the two countries.
