Egyptian envoy praises UAE\'s support

Egyptian Ambassador to UAE Ehab Hammoda stressed the UAE's limitless support to Egypt's 30th June revolution, which has contributed effectively to strengthening the capacity of the state to tackle foreign and internal challenges, especially the combat of terrorism.Speaking at the press conference at the Egyptian Embassy here on Tuesday, Ambassador Hammoda said, "I'm proud to represent Egypt in the UAE, a country that has become a role model of the development in a record time", citing its wise policies that made it an active player in the regional and international issues.He added that the UAE- Egyptian relations were experiencing critical moment as they tackle the terrorism that aims to destabilise the region.The Egyptian envoy said the UAE was the first to sign the framework agreement, whereby it pledged $4.9 billion to support Egypt, noting that the Arab investments would bail out Egypt from its economic difficulties.He added the joint military exercises between the UAE and Egypt were the quality addition to the relations between the two countries, citing the GCC security topstheagendaofnationalEgyptiansecurity.Ambassador Hammoda said the historic agreement was signed on Sunday between Egypt's Ministry of Defence and Arabtec Company to build one million residential units at $40 billion (280 billion)- the biggest housing project in the Arab world.