The Egyptian government is planning a permanent Egyptian products exhibition in the UAE. According to Abdel-Aziz Dawoud, Egypt’s consul-general in Dubai, exhibition will be set up in Dubai in coordination with the Dubai Chamber of Commerce & Industry and Egyptian businessmen operating in the UAE, reported the Khaleej Times.
The announcement was made at a press conference that coincided with the opening of an Egyptian products exhibition at the Dubai Chamber of Commerce & Industry. Speaking at the press conference, Mamdoh Mustafa, the commercial counselor at the Egypt’s UAE Embassy, said sizeable volumes of Egyptian products transit through Dubai and are then re-exported to the AGCC countries. These even include countries that are geographically close to Egypt, such as Libya, he said.
Mustafa said the UAE is the third largest investor in Egypt. There currently are 89 joint venture projects involving UAE nationals and Egyptian partners in Egypt rose to 89. These include 30 manufacturing projects, 23 financing projects, seven service sector projects, six tourism and leisure projects and three construction ventures, he added. — (Albawaba-MEBG)