55 billion dirhams.. Size of the UAE investments in Egypt

President Abdel Fattah El-Sisi participated in a dialogue session on the sidelines of the World Government Summit in Dubai, in the presence of officials of a number of major billionaire start-up companies in technology applications, artificial intelligence, e-commerce and sustainable resource management.

The meeting witnessed an open dialogue with representatives of companies who expressed interest in working in Egypt or expanding their existing projects.

The President affirmed Egypt's keenness to continuously communicate with investors in order to identify the problems and obstacles facing them and work to solve them and overcome all obstacles in front of them.

 El- Sisi Pointing to the importance of the role of the private sector, especially startups and entrepreneurs, as a locomotive for sustainable development through investments and the transfer of knowledge, especially modern and technological ones.

It is possible to address the size of the economic relations between Egypt and the Emirates that reached for $67.4 billion in trade exchange between the UAE and Egypt over the past 22 years.

  27.79 billion dirhams: Trade exchange between Egypt and UAE

The volume of non-oil trade exchange between the UAE and Egypt increased from 744 million dirhams in 2000 to more than 27.79 billion dirhams in 2022.

Trade between the two countries was distributed during the period from “2000 until the end of the first half of the year 2022” between imports worth 83.3 billion dirhams, exports worth 61.3 billion dirhams, and re-exports worth 102.9 billion dirhams.

The list of the top 3 “imports” commodities for trade exchange between the two countries during the year 2021 included:

1. Raw gold worth 1.39 billion dirhams

2. Postal and financial stamps and the like, with a value of 1.23 billion dirhams

3. Wide screens worth 1.01 billion dirhams

The list of the top 3 commodities “exported” to Egypt:

1. Raw gold worth 2.83 billion dirhams

2. ethylene polymers, at a value of 1.2 billion dirhams

3. Propylene polymers, at a value of 822 million dirhams

List of the top 3 commodities that were re-exported to Egypt:

1. Communications equipment worth 4.03 billion dirhams.

2. Machines for self-processing information alone, with a value of 1.96 billion dirhams.

3. Petroleum oils and oils obtained from continental mineral resources other than crude oils, with a value of 450 million dirhams.

110  billion dirhams from 2003 to 2019

The value of investments issued by the UAE to Egypt during the period from 2003 to 2019 is estimated at about 110 billion dirhams.

largest investor in Egypt

The UAE is the largest investor in Egypt globally, with a cumulative investment balance of more than 55 billion dirhams.

250 Emirati companies operate in Egypt

More than 1,250 Emirati companies operate in Egypt in projects and investments that include various wholesale and retail sectors, transportation, storage and logistics services, the financial sector and insurance activities, information and communication technology, real estate and construction, tourism, agriculture and food security, and others.