HONG KONG: Dr. Hala Helmy El-Said, Minister of Planning and Economic Development, stated that the Arab Republic of Egypt and the United Arab Emirates share strong and deep-rooted historical relations in various political, economic, and cultural fields, making them an exceptional model for Arab relations.
In a statement to the Emirates News Agency (WAM) on the sidelines of her participation in the Asian Financial Forum, El-Said added, that Egypt and the UAE have significant cooperation in the field of government development. Additionally, there is annual collaboration in the Egypt Government Excellence Award, as well as capacity building in areas promoting innovation culture, strategic guidance for future foresight, and government communication strategy.
She highlighted the ongoing collaboration between the two countries in the areas of investment, capacity development, and government performance, as well as in the field of sovereign funds through the cooperation between the Sovereign Fund of Egypt and ADQ,
an Abu Dhabi-based investment and holding company.
Regarding the importance of participating in the Asian Financial Forum, she stated that the forum is one of the world’s largest financial forums.
She noted that the 17th edition this year includes the participation of a large number of investment banks and international financial institutions. Therefore, Egypt’s participation is crucial to showcase the latest developments in the Egyptian economy and to hear from experts about global economic trends.
She added that the world is going through an exceptional period, starting from the COVID-19 pandemic, passing through climate crises, and culminating in geopolitical crises. Participation in such forums contributes to enhancing international efforts towards global and regional economic growth solutions.
She emphasised that the current time requires the collaboration of countries, financial institutions, international entities, and the private sector to agree on a unified vision to overcome these crises. This i
nvolves strengthening cooperation in the field of investments, especially for developing and emerging countries.
Source: Emirates News Agency