Monday, March 06, 2006

All Arab Countries have Invested in Egypt

Almost all the Arab countries have invested in Egypt with Saudi Arabia topping the list with 745 companies followed by Kuwait with 231 companies and the UAE with 118 companies. Another 11 UAE companies are set up in the Egyptian free zones.

UAE investors launched several projects in Egypt during 2005 including 70 stations for vehicle service as joint company between the UAE and Egypt, Al Alamain tourist project and Emaar project in Zahraa Al Maqtam area.

The news reports also that Trade between Egypt and the United Arab Emirates (UAE) reached US$48 million in the first eight months of the current financial year.

The total value of UAE imports from Egypt amounted to $32 million, while UAE exports and re-exports to Egypt were worth $16 million.

Go Egypt with more investments!


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