On Sunday, Egyptian Prime Minister Mostafa Madbouly met with senior Emirati ministers to discuss ways to strengthen economic cooperation. The discussions centred on the status of collaborative projects between Egypt and the UAE.
Vice Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir, UAE Minister of Industry and Advanced Technology Sultan Ahmed Al Jaber, and UAE Minister of Investment Mohamed Hassan Al Suwaidi also attended the meeting. It was an important step towards strengthening bilateral relations and expanding economic ties between the two countries.
Prime Minister Madbouly greeted the Emirati delegation and underlined Egypt’s commitment to increasing cooperation. The Ras El-Hekma project, a key development on Egypt’s northwest coast, was a major issue of discussion. The $35 billion program, spearheaded by the UAE’s Abu Dhabi Developmental Holding Company (ADQ), seeks to turn the region into a smart, sustainable city.
The proposal comprises world-class tourism destinations, cutting-edge infrastructure, an international airport, and a high-speed rail network. By 2045, overall investment in Ras El-Hekma is estimated to top $110 billion.
Other important areas of cooperation were energy, data centres, and infrastructure development.
