CAIRO - 7 March 2022: Trade and Industry Minister Nevine Gamae met Monday with UAE Ambassador in Cairo Mariam Khalifa al Kaabi to discuss means of boosting cooperation between the two countries in the coming stage.
The meeting also took up the latest economic developments at the regional and international levels, according to a statement by the Trade and Industry Ministry.
Gamae and Kaabi stressed the importance of unifying efforts to secure needs of the Egyptian and UAE markets, especially in light of the current regional and international challenges.
It is important that good relations between Cairo and Abu Dhabi be translated into trade and investment cooperation projects that serve the economic interests here and there, Gamae said.
She also pressed for action to increase the volume of trade exchange between the two Arab countries through further eased measures for exporters from Egypt and the UAE.
Gamae put the value of Egyptian exports to the UAE in 2021 at about $1.196 billion. The UAE’s imports from Egypt included construction materials, engineering tools, electronics, foodstuffs, agricultural crops, medical industries, ready-to-wear clothes and furniture, the minister made it clear.
Figuring high at the talks were also efforts to overcome logistics transport challenges, with Gamae pinpointing distinguished investment opportunities on the Egyptian market, particularly the textile, leather, furniture, hand crafts sectors.
Kaabi, for her part, hailed as “deep and historical” relations between her country and Egypt.
Abu Dhabi is keen on enhancing economic ties with Cairo to best serve the two economies and peoples, she told Gamae.
The UAE market could very well be used as a gate for exports of joint projects with Egypt to other markets in the Arab Gulf region and Southeast Asian countries, the diplomat noted.
Likewise, Egypt could be the gate for UAE exports to African markets, Kaabi further said.