Sunday 22, July 2018 by Jessica Combes

Dubai eyes stronger business and investment ties with Egypt

 

Dubai FDI met with visiting Egyptian delegates from General Authority for Investment and Free Zones to promote expertise and knowledge sharing.

Dubai FDI, the investment development agency of Dubai Economy Department (DED), has moved to further strengthen Dubai’s business and investment ties with Egypt, following its meeting with high-level Egyptian delegates from the General Authority for Investment and Free Zones.

During the discussions held in Dubai, both parties tackled the volume of foreign investments coming into the city as a result of the government’s intensive efforts to create a business-friendly environment and enact important socio-economic policies.  Dubai FDI also took the opportunity to explain its mandate and role in creating a business-appropriate landscape to attract international companies and help stimulate capital growth.

Khalid Al Boom, Deputy CEO of Dubai FDI, said that Dubai and Egypt’s joint efforts and deepening relations are a major boost to the government’s initiative to make Dubai one of the most sustainable and competitive business hubs in the world. Al Boom also said that the visit would further reinforce government-to-government ties and promote sharing of knowledge of expertise.

He noted that the current favourable business environment would further push a new phase of economic and investment cooperation between the two countries to help realize their growth and development goals.

"We at Dubai FDI are fully committed to continue on the path towards success and optimize Dubai’s transformation and potentials to make the emirate’s one of the most stable economy in the Middle East and the world,” he concluded.

The Egyptian delegates earned about local business, government, and legislative processes and procedures as well. Dubai FDI officials also discussed promising business opportunities and key services that are benefitting foreign companies operating in the emirate. The Dubai Government has rolled out a comprehensive program to help foreign companies interested in starting their business in the city to ensure their profitability and success. The foreign officials also toured the Dubai Multi Commodities Centre and the Dubai Silicon Oasis Authority as part of their visit during which they learned about the institutions’ best practices, development strategies, main service offerings, and major investment opportunities.

 

 

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