Last Update 22:51
Tuesday, 15 October 2019

UAE investments in Egypt exceed $6.6 bln: Emirati ambassador

MENA , Tuesday 14 May 2019
UAE ambassador meeting Nasr and Maiit
UAE ambassador to Cairo Gomaa Mubarak al Junaibi (R) with the Minister of Investment and International cooperation Sahar Nasr and minister of finance Mohamed Maait (Photo: Al-Ahram)
Views: 3363
Views: 3363

UAE Ambassador in Cairo Jumaa Mubarak Al-Junaibi said Monday his country's direct investments in Egypt exceeded $6.6 billion in 2018.

Meeting UAE investors in Egypt, the ambassador added that economic relations between Abu Dhabi and Cairo have developed in recent years.

The volume of trade exchange between the two countries hit about $ 3 billion in 2018 January to October, Junaibi said.

The UAE companies operating in Egypt reached 1,065 in March 2019, compared to 923 companies in 2017, he added.

The UAE ambassador said his country has been ranked first globally in terms of foreign direct investment in Egypt.

He praised efforts exerted by the Egyptian government to improve the investment climate and offer promising investment opportunities in the country.

Junaibi described the UAE-Egyptian ties as distinguished and based on mutual respect. 

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.