Activation of the Egyptian-Egyptian Business Council to increase trade exchange

Economy and stock exchange

The Ministry of Commerce and Industry stressed the importance of activating the Egyptian-Egyptian Business Council to play a role in pushing forward joint investments and developing trade exchange between the two countries, in light of the restructuring of the Council, within the framework of the Ministry's policy to inject new blood capable of enhancing joint cooperation with the UAE side at the commercial and investment levels. Especially as the UAE is one of the most important trading partners of Egypt, and the UAE leads the list of the most important investors in the Egyptian market.

The meeting was attended by HE Mr. Hossam Farid, Advisor to the Minister of Commerce and Industry for Small and Medium Enterprises..

In a statement, the ministry said that the UAE is one of the most important economic partners of Egypt at the regional and global levels, and that Egypt and the UAE represent a successful model for cooperation and joint economic integration in all fields and at various levels..

The ministry pointed to the possibility of benefiting from the current trend of the countries of the European continent to relocate a number of labor-intensive industries outside the continent, which allows the establishment of new projects with joint European-UAE investments on the land of Egypt.

For his part, Eng. Hossam Farid, Advisor to the Minister of Trade and Industry for Small and Medium Enterprises, referred to Egypt's aspiration to achieve a distinguished participation in the Expo 2020, especially since the exhibition will be the largest in history since the establishment of the Expo 40 years ago. The Egyptian participation in the exhibition aims to promote Egypt as an investment front and a forum He pointed out that the Egyptian presence in the exhibition comes as a result of the good potential of Egyptian companies which qualify them to be among the largest investment companies in the Middle East and Africa. The exhibition provides many important investment opportunities for Egyptian companies As well as the export opportunities offered by the exhibition and opportunities for cooperation with the participating companies from all countries of the world.

He added that the exhibition is expected to witness a strong demand next year, which will receive about 25 million visitors and more than 200 participations from countries, companies and academic institutions.

On his part, Eng. Gamal Al-Sadat, head of the Egyptian side of the Egyptian-Egyptian Business Council, stressed the importance of exerting more efforts by the government and the Egyptian business community to enhance trade and investment relations between Egypt and the UAE. Global Map in various fields.

He pointed out that currently the formation of the UAE side in the Egyptian-UAE Business Council, pointing out that it is planned to hold a joint meeting of the Council by its side during the next near future.

Mohammed Al-Atribi, chairman of Banque Misr, said that the UAE is an important hub for boosting economic cooperation between Egypt and the Middle East in general and the Arab Gulf countries in particular. He pointed out that the bank currently has 5 branches within the UAE. With a number of foreign countries such as Italy, Russia, China and France.

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