In a move to enhance economic and energy cooperation between Egypt and the UAE, Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and CEO of the Abu Dhabi National Oil Company (ADNOC), expressed his country’s desire to implement long-term projects within the Egyptian market. Al Jaber’s statements came during an official visit to Egypt, where the meetings focused on promising opportunities in the oil and gas sectors.
Strategic Meetings to Strengthen Cooperation
Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, met with Sultan Al Jaber in a productive meeting to discuss ways to enhance cooperation between the two countries in the energy sector. Badawy emphasized the importance of establishing joint strategic projects that reflect Egypt’s commitment to working diligently with investors, noting the directives of the Egyptian political leadership to support investors in the Egyptian market.
Emirati Investments in the Egyptian Energy Sector
Sultan Al Jaber expressed the UAE’s genuine desire for significant investment in the Egyptian market, stressing the need to implement long-term strategic projects. The relationship between Egypt and the UAE has always been strong, and what is happening today embodies those fraternal ties. This collaboration will open new horizons for developing vital projects that meet market needs and secure future energy supplies.
Promising Opportunities in the Region
For his part, Nasser Al Yafai, CEO of Arqius, expressed his admiration for the efforts made by the Egyptian Ministry of Petroleum in securing energy supplies. He considered these discussions constructive and reflective of both parties’ goals in achieving mutual interests. He highlighted the available opportunities in the Mediterranean, including undeveloped discoveries, which drive the company toward expanding its investments within the Egyptian market.
Sultan Al Jaber was accompanied during the visit by Dr. Samir Raslan and Dr. Mohamed El-Bagoury, reflecting both sides’ strong commitment to enhancing cooperation in energy sectors and working on long-term strategic projects within the Egyptian market.