Sheikh Mohammed bin Zayed visits Egypt to strengthen bilateral ties

CAIRO – 29 July 2024: President of the UAE, Sheikh Mohammed bin Zayed, has touched down at El Alamein International Airport for an extensive stay in Egypt. The warm reception extended by the Union of Arab Tribes underscores the significance of his visit, as he prepares to enjoy his annual sojourn in the picturesque city of New Alamein. This visit not only highlights Sheikh Mohammed bin Zayed’s steadfast backing of Egypt’s tourism industry but also epitomizes the exceptional hospitality that Egypt reserves for its distinguished visitors. The Union has emphasized that the President’s presence serves as a global endorsement of Egypt’s top-notch tourism services, the country’s stability, and its unwavering commitment to maintaining high standards of security and safety. In a significant development earlier this year, Egypt and the UAE inked a substantial real estate investment pact. This landmark agreement sees the Abu Dhabi Developmental Holding Company (ADQ) taking the reins to develop the Ras El Hekma project, a monumental venture valued at $35 billion, marking Egypt’s largest foreign investment endeavor aimed at transforming the North Coast’s Ras El Hekma region.