UAE has unforgettable situations th Egypt

Investment Minister Ashraf Salman conferred on Tuesday in the UAE with Secretary General of the UAE International Investors Council Jamal al Jarwan investment opportunities for the biggest UAE companies.

Salman said that the UAE has unforgettable situations with Egypt whether politically or economically.

In a statement of the ministry Tuesday, Salman pointed out to the desire of increasing the UAE investments in Egypt, inviting the council to visit Egypt to stand on the circumstances there.

Salman presented a number of economic reports including the growth rate that increased from 2.2% in 2013\2014 to 4.2% in 2014\2015 and the deficit of the budget which is expected to be less than 10% by the end of the economic reform program implemented by the government along with the decrease of the unemployment rate from 13.7% to 12.8%.

Salman also reviewed the reports of foreign investments flow which increased from 4.2 billion dollars to 6.4 billion dollars in 2014\2015.

There are several promising investment opportunities in the different sectors especially the Suez Canal axis development, administrative capital and road network, he said.

Jarwan, on the other hand, said that the council goes on visits to search for investment opportunities, adding that this meeting is the start of the strong partnership between the council and the Egyptian Investment Ministry.

The council will visit Egypt soon to stand on the available investment opportunities, Jarwan said.

Jarwan voiced appreciation to the Egyptian efforts in the field of climate improvement.