CAIRO - 25 July 2022: The private sector should make use of promising investment opportunities that are provided in light of the growing Egyptian-UAE relations, especially after the signing of the Integrated Industrial Partnership Initiative signed with the UAE and Jordan, said Prime Minister Mostafa Madbouli on Monday. Jaber pointed to large attention from brotherly countries to the initiative's details to join it. Jaber said Abu Dhabi Holding Company allocated $10 billion to work on the initiative's project, noting it is keen to invest in a number of sectors here, especially in the gas field. The UAE minister referred to the directives of UAE President Mohamed bin Zayed Al Nahyan to help Egypt to render the UN climate conference, COP27, successful. Meanwhile, Petroleum Minister Tarek Al Molla, who attended the meeting, welcomed the UAE investments in the Egyptian oil sector, reviewing a number of investment opportunities in Egypt.

Source: Libya Today July 25, 2022 15:24 UTC