Hommam Al Nassim 
The Secretary-General of the UAE International Investors Council, Jamal bin Saif Al Jarwan, announced that Emirati investments in Egypt rose to about $ 65 billion after the “Ras El Hikma” deal.
“The echoes of the Ras El Hikma deal are at the forefront of the regional and global economic scene, as the UAE signed it with Egypt as the largest direct investment deal in its history worth $ 35 billion, which is a strong message of confidence,” Al Jarwan said in statements to the UAE agency WAM.
Al Jarwan said that the UAE leads the region in foreign investments, and the total assets of Emirati investments abroad, whether government or private, are estimated at about $ 2.5 trillion until the beginning of 2024, and are heading to increase, especially as the prospects are generally favorable to opening new markets with a focus on emerging markets and creating comprehensive strategic partnerships.
Al-Jarwan believes that this deal constitutes an added value to the Egyptian economy, as it will place Egypt for the first time in the classification of the most attractive countries for foreign direct investment flows for the year 2024-2025 in the upcoming UNCTAD report, which is considered a certificate of confidence in opening the door for foreign investment in Egypt during the coming period.
On the strategic objectives of the two countries from the deal, Al Jarwan considered that the joint investment in the Ras Al Hikma project will provide opportunities for Emirati and Egyptian companies together to enhance cooperation, which will generate economic mobility in all direct and indirect fields related to that deal and support economic growth.
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