Egypt’s Minister of Trade and Industry Nevine Gamea stated that the United Arab Emirates (UAE) market annually receives about 11% of Egypt’s total exports.

During the first meeting of the Joint Egyptian-UAE Business Council, Gamea said that the UAE investments in Egypt exceed $7bn in different projects, with additional $7bn worth memoranda of understanding signed between the two countries, making the UAE the top investor in the Egyptian market.

The Minister pointed out that the size of cooperation between Egyptian and Emirati companies in fields of contracting, power stations, airport development, and other economic activities, exceeded $1bn.

She stressed the importance of the Egyptian-UAE Business Council in defining and overcoming challenges that companies may face in the two countries.

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