Sharjah, Egypt officials meet to develop bilateral relations

Sharjah - Growth rates in many promising sectors in Egypt very attractive

The Sharjah Chamber of Commerce and Industry held discussions with a government delegation from Egypt on the prospects of developing the bilateral relations, as well as ways of enhancing joint cooperation and building investment partnerships between the two sides in both government and private sectors.
The discussions took place during a meeting organised by the Sharjah Chamber at its headquarters in the presence of its chairman Abdallah Sultan Al Owais and Hala Al Saeed, Egypt's Minister of Planning, Monitoring and Administrative Reform. The Egyptian side stressed that the UAE is Egypt's largest investment partner, and that Sharjah was chosen as the strategic partner of the consulate of Egypt in Dubai for 2019.
The meeting was attended by Mohamed Rashid Ali Demas, Ali Mohamed Abdalla Al Khayyal and Nasir Musabeh Ahmed Al Tunaiji, board members of the Sharjah Chamber, along with its acting director-general Mohamed Ahmed Amin; Dr Yunan Edward, head of the Egyptian trade office in Dubai; and representatives of the sectoral business groups operating under the umbrella of the Sharjah Chamber, in addition to a number of heads of companies in the emirate, and a group of Egyptian investors and businesspeople.
Al Owais praised the strong relations between Sharjah and Egypt. He stated that the chamber is keen to develop economic relations between the UAE and Egypt, and to increase the volume of trade and investment between the two countries. He expressed his hope that the meeting will contribute to enhancing the cooperation and coordination between the UAE and Egyptian business communities, which will in turn help to increase the cultural ties and trade exchange between Sharjah and Egypt.
Al Saeed said that the meeting was fruitful. She noted that the growth rates in many promising sectors in Egypt are very attractive, in light of economic reform and structural management that has been witnessed since 2016 in these sectors, and the result of political and social stability in Egypt, which is reflected positively in its growth rate that has reached 5.5 per cent.
Dr Edward praised the interest and attention that the Sharjah Chamber gives to Egyptian companies, investors and businesspeople, which helps to benefit the economic interests of the UAE and Egypt, as well as to develop joint cooperation and developmental projects between the private sectors of both sides.
The two sides highlighted their common interest in developing economic, trade and investment relations between the two countries in order to attain further growth and prosperity. The two sides agreed to launch joint initiatives in the near future to highlight the investment opportunities available to both sides in various economic and trade sectors, as well as to support activities that contribute in developing relations between the UAE and Egypt.

• Sharjah