Egypt and the UAE have a long history of economic cooperation, with the UAE emerging as the largest international investor in Egypt. Data from the General Investment Authority until April 2023 shows that the UAE has invested $9.6 billion in Egypt, with over 1,600 companies operating in various sectors.
The UAE is also the second largest trading partner of Egypt in the Arab region, with bilateral trade reaching around $4 billion. This growing relationship has led to increased cooperation in various fields, particularly in the economic sector. Egyptian exports to the UAE are approximately $2.2 billion, while imports amount to about $1.8 billion in 2023. The main exports include natural pearls, machinery, ready-made clothes, fruits, and vegetables, with imports consisting of fuel, plastics, copper, and fish.
In May 2022, an integrated industrial partnership for sustainable economic development was announced between Egypt and other countries including Jordan and Bahrain. This partnership aims to develop five promising industrial fields and has dedicated an investment fund of $10 billion to emerging projects. Several agreements and partnerships were signed during the third meeting of the Supreme Committee for Integrated Industrial Partnership for Sustainable Economic Development in February 2023.
Recent times have seen significant contributions from UAE capital to international investments directed towards the Egyptian market. Several important investment deals and acquisitions have been made in various sectors such as industry
