Egypt has made significant strides in attracting foreign investments, with the United Arab Emirates (UAE) taking the lead as the largest Arab investor in the Egyptian market. Dr. Samir Sabry, Rapporteur of the Investment Committee within Egypt’s National Dialogue, highlighted the key role the UAE plays in supporting Egypt’s economic development, driven by a series of major agreements, including the notable Ras El Hekma deal.
According to Dr. Sabry, the Egyptian government has implemented strategic measures to create a favorable investment environment, resulting in increased interest from international investors, particularly from the UAE. He noted that the substantial progress in Egypt’s infrastructure has been a major factor in drawing foreign capital, which is expected to boost foreign currency reserves, create jobs, and enhance the country’s export potential.
The collaboration between Egypt and the UAE has seen the signing of three significant economic agreements in recent years, cementing the UAE’s position as a key player in the Egyptian economy. These investments are not only expected to revitalize key sectors but also to strengthen the economic ties between the two nations.
In a separate but related development, Gamal El Keshki, a National Dialogue Board of Trustees member, provided updates on the ongoing discussions about pretrial detention reforms. During a marathon six-hour session, the Board finalized several recommendations, including proposals to shorten pretrial detention periods and introduce compensation for those affected by these practices. These recommendations will soon be presented to President Abdel Fattah El-Sisi for approval.
As Egypt continues to deepen its economic partnership with the UAE, the anticipated influx of investments is poised to contribute to its economic resilience and long-term growth significantly. Meanwhile, the National Dialogue’s focus on legal reforms underscores the government’s commitment to advancing human rights and improving governance.
