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Dubai / WAM
Dubai FDI, the investment development agency of Dubai Economy Department (DED) has moved to strengthen Dubai’s business and investment ties with Egypt, following its meeting with high-level Egyptian delegates from the General Authority for Investment and Free Zones.
During discussions held in Dubai, both parties tackled volume of foreign investments coming into the city as a result of the government’s intensive efforts to create a business-friendly environment and enact critical socio-economic policies. Dubai FDI took the opportunity to explain its mandate and role in creating a business-appropriate landscape to attract international companies and help stimulate capital growth.
Khalid Al Boom, Deputy CEO of Dubai FDI, who welcomed the Egyptian officials, said that Dubai and Egypt’s joint efforts and deepening relations constitute a significant boost to the government’s initiative to make Dubai one of the most sustainable and competitive business hubs in the world. Al Boom also said that the visit would further reinforce government-to-government ties and promote sharing of knowledge of expertise.
He noted that current favou-rable business environment would further push a new phase of economic and investment cooperation between the two countries to help realise their growth and development goals.
“We at Dubai FDI are fully committed to continue on the path towards success and optimise Dubai’s transformation and potentials to make the emirate’s one of the most stable economy in the Middle East and the world,†he concluded.
The Egyptian delegates were introduced to local business, government, and legislative processes and procedures. Du-bai FDI officials also discussed promising business opportunities and key services that benefit foreign companies operating in the emirate.