CAIRO: President Abdel Fatah al-Sisi held two separate meetings Sunday morning with Emirati and Egyptian businessmen, shortly after his arrival to the United Arab Emirates in his first official visit, according to Youm7.
The two meetings discussed investment opportunities and obstacles, along with state efforts to attract foreign businessmen; Sisi explained that the state is working on improving investment laws and legislations that might disable any ongoing projects.
Sisi met with UAE Minister of State Sultan al-Jaber, Minister of International Cooperation Najlaa Ahwani, along with members of the Federation of UAE Chambers of Commerce and Industry, and representatives of all the Chambers of Commerce, Youm7 reported.
Executive Vice President of the Dubai Chamber of Commerce, Atiq Guma Faraj, told Youm7 that Sisi was keen to assure them that “the unified investment law, will soon be released.”
Sisi recommended Emirati business heads to write down all of their problems, proposals and suggestions, and to give it to his ministerial delegation, Faraj said, adding the suggestion was welcomed by the Emirati side, which expressed its aspiration to increase the volume of trade and investment between the two countries during the coming period, especially in agriculture.
The General Authority for Investment announced previously that the volume of Emirati investments in Egypt amounted to $5.2 billion.
Sisi arrived in Abu Dhabi Saturday night, commencing his first official visit to the United Arab Emirates. The President was received by the Crown Prince of Abu Dhabi and Deputy Commander of the UAE according to a presidential statement Sunday.