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Notable economic partnership: UAE stands as Egypt’s top international investor

 


The UAE has emerged as one of Egypt's most significant international investors, according to May 2024 reports from the Egyptian Commercial Service (ECS). This strong partnership is reflected in the impressive bilateral trade, which has reached approximately $4 billion.

Economic ties are a cornerstone of the robust UAE-Egypt relationship. This growing partnership is evidenced by an investment volume of $9.6 billion and the presence of over 1,600 Emirati companies operating within Egypt.

Impressive UAE-Egypt Bilateral Trade Figures
Highlighting the strength of UAE-Egypt ties, the Head of the ECS mentioned earlier this year that Egypt is the Gulf state's fifth-largest Arab partner for non-oil goods, contributing 7% of the UAE’s total trade with Arab countries.

Trade statistics from last year underscore the dynamism of this evolving economic relationship. Egyptian exports to the UAE totaled nearly $2.2 billion, while imports from the UAE stood at around $1.8 billion.

Key Egyptian exports to the UAE include natural pearls, precious stones, electrical machinery and equipment, fruits, vegetables, and ready-made garments. On the other hand, Egypt’s major imports from the UAE consist of fuel, plastics, copper and its products, and fish.

Recent Surge in UAE Capital Entering the Egyptian Market
Frequent high-level meetings between Emirati and Egyptian officials have bolstered bilateral cooperation across various economic sectors. Notably, the UAE was among the first nations to partner with Egypt in the clean energy sector.

The Head of the ECS highlighted a recent surge in Emirati capital entering the Egyptian market, marked by significant deals and acquisitions across industries such as real estate and energy.


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