UAE Investments in Egypt Have Reached $4.9 BillionSource: www.export-egypt.com 8/15/2017, Location: Middle East |
|
|
|
|
|
The Emirati ambassador in Egypt Gomaa Mubarak Al-Jneibi praised the relations between his country and Egypt, saying the UAE is one of the biggest Arab investors in Egypt at $4.9 billion in investments, state-run news agency MENA reported.
The ambassador's comments came during the opening ceremony in Cairo of the EgyVac factory for vaccines, which is part of the Egyptian Company for Production of Vaccines, Sera, and Drugs (VACSERA). Egypt's Minister of Health Ahmed Emad El-Din also participated in the openeing of the new factory, which was established with EGP 700 million ($39 million) in UAE investment. Al-Jneibi said that EgyVac is one of the largest vaccine factories in the Middle East and is one of the more vital Emirati projects contributing to healthcare for Egyptians, the ambassador added. The UAE maintains diversified investments in the Egyptian economy. Last week, Dubai Ports signed an agreement with the General Authority for the Suez Canal Economic Zone to build development projects in the Suez Canal Zone. |
|
|
Financials and Investment News in United Arab Emirates >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| United Arab Emirates Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | |
