UAE is largest investor in Egypt

Thursday, 23 January 2020 16:45

The UAE has invested more than AED26.5 billion in Egypt.

That's according to the Secretary-General of the UAE International Investors Council, who also revealed that the Emirates is currently the largest investor in the North African country.

The council places Egypt at the top of Arab countries that attract Emirati investments, followed by Morocco and the Kingdom of Saudi Arabia.

The Emirati companies that have achieved success by investing in the Arab Republic of Egypt include Emaar, Etisalat, Majid Al Futtaim and DP World.

More from Business

UAE advances agentic AI project targeting 50% of government operations

The UAE has launched the strategic phase of its agentic AI project, which aims to convert 50 per cent of federal government operations, services and tasks to AI-driven models within two years.
Dubai Business Forum – China to be held in Shenzhen in October

Dubai Chambers will host the Dubai Business Forum – China in Shenzhen on October 14, bringing together government officials, business leaders and investors from the two markets.
UAE-BRICS non-oil trade tops $312 billion

UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi has taken part in a meeting of BRICS trade ministers in Jaipur, India, focused on strengthening trade and economic cooperation between member countries.
ADNOC affirms commitment to meeting customer requirements despite challenges

ADNOC says it remains focused on meeting customer needs despite challenging circumstances, following unprovoked attacks targeting its people and assets.