Tue, 16 Aug 2022

Egypt, UAE discuss boosting IT, energy cooperation

Xinhua
06 Jul 2022, 04:49 GMT+10

CAIRO, July 5 (Xinhua) -- Egyptian President Abdel-Fattah al-Sisi on Tuesday met with Minister of Industry and Advanced Technology of the United Arab Emirates (UAE) Sultan Al Jaber on expanding investments and cooperation in the information technology and energy fields.

Describing the Egyptian-UAE ties as "strategic," Sisi welcomed "boosting the size and scope of UAE investments in Egypt," he was quoted as saying by a presidential statement.

For his part, the UAE minister said the investment and trade climate in Egypt is conducive as it has offered diverse opportunities for the UAE investments and foreign investments in general.

Al Jaber also underscored "the UAE's commitment" to strengthening strategic cooperation with Egypt at various levels, according to the statement.

The meeting came days after Sisi met with UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan in Cairo on bilateral ties and regional security.

Over the past couple of weeks, Egypt and the Gulf Cooperation Council (GCC) states have been intensifying talks and official meetings as part of their efforts to step up economic and security cooperation.

More Egypt News

Access More

Sign up for Egypt News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!