Ahmed Kouchouk, Minister of Finance, emphasized ongoing efforts to create a more attractive business environment for private sector investments. These initiatives aim to achieve the government’s program goals, establish economic stability, and promote sustainable growth to improve citizens’ living standards, enhance service quality, and create more job opportunities. He highlighted the objective to enhance the stability and transparency of tax policies and improve relations with the business community to ensure continued investment inflows.
During his meeting with Mariam Khalifa Al Kaabi, the UAE Ambassador to Cairo, Kouchouk stressed the importance of strengthening bilateral cooperation and exchanging expertise in economic and financial policies for the benefit of both nations. He expressed openness to exploring any areas of cooperation with the UAE that could open promising investment opportunities in Egypt. He noted that the UAE has been Egypt’s largest investment partner in recent years, with extensive partnerships at the official, governmental, private sector, and business community levels.
Al Kaabi praised the exceptional relations between the two brotherly countries, noting the potential for establishing new investment projects with various and diverse financing tools. She pointed out that Egypt has the potential to transform into a commercial and industrial hub that meets the needs of the African and European markets.