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The UAE is the second largest Arab investor in Egypt with $5.9 billion in investments over the past four years, a top Egyptian official was quoted as saying by Emirates news agency Wam.
Speaking to reporters on the sidelines of the First Arab Corporate Citizenship Forum held today in Abu Dhabi, chief executive of the Egyptian General Authority for Investment and Free Zones, Mohsen Adel, said the year 2018 saw the establishment of a total of 114 new Emirati companies in Egypt across multiple investment sectors, primarily, Oil & Gas, finance, CIT, construction, real estate, services, manufacture, tourism and agriculture.
He added that total UAE investment inflows to Egypt last year hit $1.75 billion, a growth of 25 per cent over 2017.
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