Emirati Investments in Egypt Set to Increase for Higher Return on Investment

The Emirati company Emirates Smart Solutions (ESS) along with the Egyptian company Siemens Industries and the American company Emerson have signed a memorandum for joint cooperation between the three companies, as reported by the Gulf newspaper.

The paragraph discusses a protocol aimed at utilizing modern and innovative technology solutions to serve the infrastructure in various vital sectors.

The protocol is a strategic partnership built on cooperation to work on important and strategic projects in Egypt and Africa.

The three parties involved in the protocol, including Ambassador Maryam Al Kaabi, the United Arab Emirates ambassador to Egypt and the permanent representative to the Arab League, are working to develop technological infrastructure and provide innovative solutions using the latest technological advancements such as artificial intelligence and Internet of Things, benefiting different sectors including infrastructure, water, sanitation, and smart cities.

The companies have agreed to start a new phase of joint cooperation to implement projects in Egypt and Africa by leveraging each party’s technical capabilities. On the sidelines of the conference, Ambassador Maryam Al Kaabi highlighted the strong and fraternal relationship between the UAE and Egypt, emphasizing Egypt’s promising investment sector and robust economy despite global challenges.

She also mentioned that the UAE is one of the largest investors in Egypt, with 1730 Emirati companies operating across various economic sectors, and the Emirati investments in Egypt are expected to increase due to the high investment returns.