Egypt's Ambassador to the State, Sherif Mohamed Fouad Al-Bediwi, affirmed that President Abdel Fattah El-Sisi's visit to the UAE comes within the framework of continuous coordination and communication between the two brotherly countries, based on the distinguished fraternal relations between Egypt and the UAE, in a way that contributes to the path of Arab and regional stability. Regional and international challenges.

He stressed that the visit of President El Sisi comes at a very important time, as the region is going through many variables that require coordination between the two countries. The UAE has invited President El Sisi to pay a state visit, reflecting the depth of relations between the two countries and the interest the UAE attaches to enhancing relations with Egypt. The two political leaderships.

He stressed that the Egyptian-UAE relations are characterized by rapprochement and mutual understanding under the guidance of the wise leadership, which guided the course of bilateral relations between the two countries to a higher level, in light of the implementation of several joint cooperation projects, increasing the volume of investments and pushing the rates of trade to unprecedented levels.

He pointed out that the political track of the Egyptian-UAE relations and its fulcrums and strengths are reflected in the convergence of positions on many issues in the region, and the file of combating terrorism, and Egyptian positions firm and support for the stability and security of the Gulf, which positions expressed by President Sisi on more than one occasion, which stressed The security and stability of the Gulf is one of Egypt's security and stability, an essential pillar of Arab national security, and a cornerstone of security, stability and prosperity in the region.

He pointed out that the investment and trade relations witnessed an unprecedented boom between the two sides in terms of the volume of trade and investment, or the success in finding solutions to many of the existing investment problems, where the UAE ranked first globally as the largest investor in Egypt.

He pointed out that the trade relations between Egypt and the UAE witnessed a remarkable development during the past years, the volume of trade exchange between them increased to $ 3.3 billion in 2018 compared to about $ 2.2 billion in 2015, an increase of 50%, and the value of Egyptian exports to the UAE about $ 2 billion in 2018, Imports amounted to about $ 1.3 billion, bringing the trade surplus to about $ 1 billion in 2018.

He stressed that the two countries aim to enhance and upgrade their trade relations to reflect the potentials of the two brotherly countries by facilitating the access of their products from various export sectors to the other, removing all obstacles to the development of trade exchange between them, expanding the base of exporting companies, as well as exchanging visits between businessmen and intensifying Participating in trade fairs in Egypt and the UAE, which contributes to increasing the rates of trade exchange.

He stressed that the investment relations between the two countries are a major focus in the joint economic cooperation system, where the UAE is the largest investor in the Egyptian market with a total investment of $ 6.8 billion, and the number of companies invested with Emirati contributions in Egypt about 1141 companies in many productive and service sectors.

He added, “It is expected that through our follow-up of the projects currently being established, the UAE investments in Egypt will witness a qualitative and quantum leap in the coming period, taking advantage of the advantages provided by the Egyptian economy after the success of the economic reform program, as well as the interest of UAE companies in the national projects currently being implemented in Egypt. In light of the clear directives of President El Sisi to intensify and strengthen cooperation between Egypt and the UAE in all fields, and to provide all possible facilities to UAE investors, and to overcome all obstacles that may face them, which has been reflected positively J attracts new UAE investments, doubling UAE cumulative investments in Egypt, and maintaining its position as the number one foreign direct investor in Egypt. ”

He pointed out that Egypt is keen to participate in EXPO Dubai 2020, where preparations are underway to bring the Egyptian pavilion in the exhibition in a honorable manner reflecting the ancient Egyptian civilization and investment opportunities available in the Egyptian market. He stressed that the economic track carries with it many horizons and opportunities that have not been exploited yet, which the UAE and Egypt are looking to strengthen by exploiting the available opportunities to match the size of the momentum witnessed in the political track of relations between the two countries, and the embassy touches in its meetings with all the UAE entities and institutions The UAE leadership is keen to strengthen relations in all fields and to provide all possible support in this regard, a keenness shown by the political leadership under the patronage of HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President O The Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

UAE embraces members of the Egyptian community

Egypt's ambassador to the UAE pointed out that the UAE embraces the members of the Egyptian community residing in all areas of the country, working in the economic and productive sectors, in addition to academic and research fields, and contribute sincerely over the decades in the process of development, construction and success achieved by the UAE. Members of the Egyptian community work alongside their brothers in the UAE in a climate of tolerance and motivation to achieve the best performance, as well as pushing for the acquisition of skills and engage in community work. Egyptians in their hearts are a goat and a tribute to the late founder Sheikh Zayed bin Sultan Al Nahyan, may God rest his soul, who sowed the seeds of tolerance, development and stability in the UAE today, under the leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

• The number of companies invested with UAE contributions in Egypt is 1141 in many productive and service sectors.