UAE International Investors Council, Egyptian-Emirati Business Council sign MoU to enhance cooperation

UAE International Investors Council, Egyptian-Emirati Business Council sign MoU to enhance cooperation

CAIRO, 22nd May, 2023 (WAM) -- The UAE International Investors Council (UAEIIC) has signed a Memorandum of Understanding (MoU) with the Egyptian-Emirati Business Council (EEBC) to enhance the existing investment partnerships.

The MoU also aims at creating more investment opportunities in the sectors of the new economy, green projects, recycling, clean projects, the technological sector, new digital technologies and other areas of common interest to the business communities between the two countries.

Concluded in Cairo in the presence of the members of the Egyptian-Emirati Business Council, the MoU was signed by Jamal bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council, and Gamal Sadat, Chairman of the Egyptian-Emirati Business Council.

New investment opportunities

According to the MoU, the two parties will cooperate to develop and implement various initiatives with the aim of facilitating cooperation and exchange of visions and experiences and arrange direct business meetings between companies and other initiatives with the aim of stimulating new investment opportunities and supporting the business system in both countries.

The memorandum also aims to prepare for the formation of a comprehensive system of databases, consultations, and statistical information on the Egyptian and UAE markets, and to be a nucleus to create more partnerships between the business