CAIRO – 1 June 2022: Egypt’s President Abdel Fattah El Sisi underlined on Wednesday the importance of the three-way cooperation with Jordan and the UAE and the launching of the Partnership Initiative for Sustainable Economic Development which manifests hoped-for goal of achieving Arab economic integration.
President Sisi directed enhancing coordination and close cooperation among all ministries and bodies concerned to accelerate the activation of the initiative and start implementing the projects it includes in various sectors in order to achieve economic integration among the three countries.
Sisi made the remarks during a meeting with Prime Minister Moustafa Madbouli.
Presidential Spokesman Bassam Radi said President Sisi was briefed on the results of the recent visit of the Madbouli-led delegation to the UAE and his participation in a tripartite meeting including Jordan.
The three sides agreed on the establishment of an investment fund managed by the ADQ Holding Company with investments estimated at $10 billion dollars to implement projects included in the initiative.
Madbouli also reviewed the outcome of his meetings with UAE businessmen and investors.
The meeting comes as part of efforts to increase the number of UAE companies operating in Egypt.
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