UAE tops Egypt's market destinations

SourceMubasher
SectorFinancial Markets
CountryUAE

Cairo – Mubasher: The UAE has been Egypt’s largest export destination as the GCC nation receives 11% of the country’s total exports, the Egyptian Minister of Trade and Industry, Nevine Gamea, revealed.

In addition, the GCC country has invested more than $7 billion in the most populous Arab nation and further $7 billion investments through memorandums of understating (MoUs) signed between the two sides, making it the top country with investments in the Egyptian market, Gamea added in a statement on Monday. Gamea further revealed that contributions of Egyptian companies to the UAE market exceed $1 billion, noting that the two countries collaborate in implementing major projects in the UAE in the fields of construction, electricity, ...read more...