The ‘Integrated Industrial Partnership Initiative’ aims to achieve economic sustainable development and contribute to supporting industrial integration between the three Arab nations, a statement by the Egyptian cabinet said.
Madbouly is accompanied by a high-level ministerial delegation, including the Ministers of Electricity and Renewable Energy, Planning and Economic Development, Agriculture and Land Reclamation, Trade and Industry, as well as a host of senior officials.
The PM is also set to hold a meeting with a number of UAE investors to brief them on promising investment opportunities in Egypt and incentives offered by the government to attract further business.
In April, the Egyptian, Emirati, and Jordanian heads of state held a meeting in Cairo in which they tackled means of promoting cooperation between the three nations.
During the meeting, President Abdel-Fattah El-Sisi urged moving towards broader horizons of a strategic partnership that establishes “extended relations, achieves common interests, and boosts joint Arab action.”
The Egyptian president also highlighted the significance of cooperation and partnership in light of the challenges facing the region as well as the economic and social crises resulting from multiple regional and international developments.