Planning Minister Meets with CEO of (ADQ) to follow up the joint investment platform between Egypt, UAE
26 January 2021
Dr. Hala El-Said, Minister of Planning and Economic Development and Chairperson of the Board of Directors of The Sovereign Fund of Egypt (TSFE), held recently a meeting with Mohamed Hassan Al-Suwaidi, CEO of "Holding" (ADQ), and the company's senior management team, to follow up on the joint investment platform's work.
The platform was launched between Egypt and the United Arab Emirates. The meeting was attended by Mr. Ayman Soliman, Executive Director of Egypt's Sovereign Fund.
The meeting included following up the steps of work and partnership between (TSFE) and the Emirati side in several projects, exchanging views on investment opportunities, and maximizing returns from the assets offered for investment.
The meeting also discussed the operational steps and timetables of the current projects in the field of health services, pharmaceutical industries, real estate development, logistics services, and the transportation sector.
The meeting also reviewed the results of studies on attracting Arab and foreign investments to joint projects.
The Minister of Planning and Economic Development asserted the depth of cooperation between Egypt and the UAE in all fields, especially the economic fields, and Egypt's keenness to activate the role of the joint investment platform to achieve the highest levels of utilization of available opportunities.
El-Said also stressed
the importance of holding periodic meetings between the two sides and
continuous follow-up to ensure the achievement of the desired goals of the
El-Said expressed her expectations to announce
several projects by the end of the first quarter of this year