Notable economic partnership: UAE stands as Egypt’s top international investor

The UAE is one of the most significant international investors for Egypt, according to media reports from May 2024 citing data from Egyptian Commercial Service (ECS). This partnership is reflected by the impressive bilateral trade volume reaching around $4 billion.

Economic ties play an important role in fostering the strong UAE-Egypt bilateral relationship. This burgeoning partnership is reflected by the impressive investment volume of $9.6 billion and the presence of over 1,600 Emirati companies operating in Egypt.

Impressive UAE-Egypt bilateral trade figures

Underscoring the depth of the UAE-Egypt ties, the Head of the ECS noted earlier this year that Egypt ranks as the Gulf state’s fifth-largest arab partner for non-oil goods, accounting for 7% of the UAE’s total trade involving arab countries.

Trade statistics for last year illustrate the dynamism of this evolving economic collaboration. For instance, Egyptian exports to the Emirates reached nearly $2.2 billion, and imports from the UAE stood at around $1.8 billion.

Major Egyptian exports include natural pearls, precious stones, electrical machinery and equipment, fruits, vegetables and readymade garments. Egypt’s key imports from the UAE comprise fuel, plastics and their products, copper and its products, and fish.

Recent surge in UAE capital moving into Egyptian market

Regular high-level meetings involving Emirati and Egyptian officials have significantly strengthened bilateral cooperation across diverse economic sectors. The UAE is one of the first nations to partner with Egypt in the field of clean energy.

The Head of the Egyptian Commercial Service (ECS) highlighted a recent surge in Emirati capital moving into the Egyptian market. This is evident through a series of major deals and acquisitions across different industries, including real estate and energy.