UAE and Egypt... Strategic partnership, firmed principles, and a comprehensive development renaissance06 Jul 2021
UAE and Egypt... Strategic partnership, firmed principles, and a comprehensive development renaissance
Dr. Ali Saeed Al Ameri
CEO and Chairman of Al-shoumoukh Group
UAE and Egypt have played key roles in several strategic fields in the region and the wisdom of their leaderships protected the region’s stability. Their profound historic ties and a journey of cooperation established in 1971 under the leadership of the late Sheikh Zayed bin Sultan Al Nahyan and followed by HH Shaikh Mohammed Bin Zaid and president Sisi helped to strengthen these bilateral relations to advance levels and consequently promoted UAE and Egypt to be key players economically and politically in the Arab world and the region.
Since that time, UAE and Egypt economic relations were strengthened through a strategic partnership aimed at achieving the interests of their peoples and Al-shoumoukh Group had a modest role, as the group began investing in the Egyptian market since 2006 in several fields, including oil and gas, real estate, industry and agriculture, with investments close to $M15