Cairo, Egypt, 26 October 2022

Senior officials, investors and business leaders from the UAE and Egypt have discussed the overall current investment landscape in Egypt, as well as its new investment opportunities, investment trends and sustainable financing, and the importance of the financial sector for the global economy, during a business session on Monday 24th October 2022, co-organized by Investopia, the global investment platform, and its strategic partner the International Finance Corporation (IFC).

The business session’s discussions focused on emerging investment opportunities in Egypt, investment opportunities and business collaborations in sectors such as finance, healthcare, and pharmaceutical sectors, sustainable manufacturing, and main infrastructure including energy and water, and ways to develop these sectors. Investopia also showcased, during the discussions, the business opportunities in several vital sectors, in the light of the global talks it held in several countries.

H.E Abdulla Bin Touq Al Marri, UAE Minister of Economy and Chairman of Investopia, commented: “The UAE-Egyptian relations are well-established and rooted and witnessing sustainable growth at all levels, driven by the visions and common interests of the leadership and people of the two brotherly countries. In conjunction with the celebration of the 50th anniversary of the establishment of relations between the two countries, we look forward to upgrading the bilateral cooperation relations to more momentous levels in a way that supports the economic development process of the two countries in a sustainable manner.”

“Investopia’s global talks in Egypt come in line with its mandate to bridge the investment world through knowledge exchange, development of ideas about new economies, and accelerating plans. Egypt is a gateway for the UAE to expand to Africa through IFC. Our partnership with IFC is in line with our efforts to bring the world investors and policy makers together and lay down the foundations for a responsible and sustainable economic future, and channel investments towards emerging markets in line with the goals and principles of the fiftieth and the determinants of the UAE Centennial 2071”, H.E added.

“IFC is pleased to welcome to Cairo private sector leaders from the United Arab Emirates to learn of Egypt’s many business opportunities,” said Cheick-Oumar Sylla, IFC Regional Director for North Africa and the Horn of Africa. “IFC is a long-standing investor in Egypt, and we’ve seen first-hand how private sector development boosts sustainable and inclusive economic growth.”

Cheick-Oumar Sylla, added: “Amid the challenges we are also seeing real commitment to change in the region, by both the public and private sector. The clearest testament to this is the upcoming COP27 in Sharm El Sheikh and COP28 in the UAE, and the accompanying environmental policies the UAE and Egyptian governments are adopting.”

The session witnessed the attendance of His Excellency Jamal Saif Al Jarwan, Secretary General of The UAE International Investors Council, Mohamed Naser Al Zaabi, CEO of Investopia, Mohammad Abdelqader El Ramahi, Director, Asset Management and Technical Services of Masdar, and Sufyan Al Issa, the head of IFC’s office in the United Arab Emirates.

Senior business leaders and investors from the UAE and Egypt participated in the business session such as: Khedaim Abdulla Al Derei, Co-Founder & Managing Director of Al Dahra Group, Salah Sharaf Al Hashmi Vice President of Sharaf Group, Khalifa Saif Al Muhairbi. Chairman of Arabian Gulf Investment Group, Khamis Al Kaabi, chairman of Globaljet Technic, Ahmed El Alfi, Founder and Chairman of Sawari Ventures, Nancy Fahmy, Head of Investor Relations at Integrated Diagnostics Holdings (IDH), Ahmed Khalifa, Evergrow Group Vice Chairman, Faisal Eissa, General Manager of Lekela Power.

Investopia global investment platform is one of the major strategic initiatives under the ‘Projects of the 50’ announced by the UAE government in September 2021 and aims to enhance the flow of incoming investments to the UAE in the sectors of the new economy.

Investopia recently announced the second edition of its annual conference, which will be hosted in Abu Dhabi on 1 and 2 March 2023, under the theme ‘envisioning opportunities in times of change’. Investopia first edition, which took place in March 2022, successfully initiated strategic business dialogues across 12 vital economic sectors and brought together more than 90 speakers and 1000 prominent participants such as decision-makers and officials from UAE, the region, and the world. The conference was followed by a series of global talks launched by Investopia in India, Morocco, Switzerland, and USA.