UAE Finance Minister: Egypt is one of the most attractive destinations for investments

Dr. Mohamed Maait, Minister of Finance, held a bilateral meeting with Mohammed bin Hadi Al Husseini, Minister of Finance of the sisterly United Arab Emirates (UAE), on the sidelines of the World Government Summit for 2022 in Dubai.

The two sides reviewed the global economic scene, which is subjected to violent shocks, in which the consequences of the Corona pandemic, its inflationary effects, and the repercussions of the Ukrainian crisis are intertwined.

Dr. Mohamed Maait, Egypt's Minister of Finance, stressed that this turbulent atmosphere in the global economy reflects the importance of the Egyptian economic reform program, and the gains it has achieved that gave the Egyptian economy the ability to withstand the face of international challenges.

The minister indicated Egypt's keenness to develop cooperative relations with the UAE side, especially in the economic and investment fields, with a focus on all development and technological sectors, in order to make optimal use of all available opportunities to enhance integration between them.

For his part, Mohammed bin Hadi Al Husseini, Minister of Finance of the UAE, affirmed that Egypt is one of the most attractive destinations for Emirati investments, as a result of the efforts that have led to a tangible improvement in the investment climate in Egypt, including the unprecedented development in the business environment.