This year, investments from the UAE abroad have surged to an impressive $2.5 trillion, contributing significantly to the nation’s economic growth, as stated by Jamal Bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC).
The UAE has firmly established itself as a key player in global and regional foreign direct investment. Al Jarwan suggests that the collective value of Emirati investments overseas, spanning both public and private sectors, has reached the $2.5 trillion mark as of early 2024.
These developments coincide with the UAE’s investments in Egypt, which are playing a pivotal role in revitalizing the economy and ushering in transformative changes.
According to Al Jarwan’s projections, the UAE’s total investment in Egypt is anticipated to soar to approximately $65 billion upon the completion of the Ras Al Hekma project.
Emphasizing the UAE’s prominent role as an investor in Egypt, Al Jarwan notes the presence of around 2,000 Emirati companies operating across diverse sectors such as telecommunications, real estate, oil and gas, agriculture, among others.
Furthermore, Al Jarwan underscores the global significance of UAE investments, citing factors such as confidence in UAE leadership and the professionalism of investors. He mentioned operating in 90 countries and expressed expectations for interest in investments from countries like India, Indonesia, ASEAN nations, Egypt, Morocco, and others, including certain European countries and Turkiye.
Source: Arabian Business