UAE’s MoEI discusses plans to boost maritime tie up with Egypt

UAE’s MoEI discusses plans to boost maritime tie up with Egypt

The UAE and Egypt look forward to enhancing the prospects for maritime investment between the two countries and developing the sector, especially with regard to innovation, creativity and research and development.

The two sides discussed proposed development projects and plans that will benefit the maritime economy and enhance investment opportunities in several vital areas, including developing ports and logistics services through scientific research and Artificial Intelligence.

They also discussed key plans to enhance the global position of Egypt and the UAE and consolidate their competitiveness in the maritime sector. This was done when the UAE Ministry of Energy and Infrastructure held a meeting with Egypt’s Ministry of Transport on the side-lines of its participation in the General Assembly of the Arab Academy for Science, Technology and Maritime Transport, which was attended by around 20 Arab states.

20 leading seaports

The UAE has over 20 leading seaports and some of the largest oil export terminals in the world. It ranks 3rd in the Bunker Supply Index and is home to the headquarters of Abu Dhabi Ports Group, the developer of Maqta Gateway, which is the UAE’s first digital port community powered by blockchain. The UAE is also home to DP World, a leading smart trade