The UAE is exploring new investments in Egypt as the two countries deepen economic ties in logistics and digital finance.
Recent talks focused on opportunities around the Suez Canal Economic Zone (SCZONE).
The two sides also discussed plans to expand cooperation between Egyptian and Emirati financial technology companies.
The discussions come as Egypt seeks more foreign investment in infrastructure, trade and its growing digital economy.
UAE investment in Egypt targets Suez Canal
Egypt’s Minister of Planning and Economic Development, Ahmed Rostom, recently met senior UAE business officials to discuss potential investments.
The talks included Essa Kazim, governor of the Dubai International Financial Centre, according to the source.
Discussions focused heavily on the Suez Canal Economic Zone.
In particular, the two sides explored investment in ports, container management and cargo handling.
Egypt wants to use the zone’s strategic location to strengthen its position as a regional trade and logistics hub.
DP World could expand role
UAE-based DP World was also involved in discussions over potential opportunities in the economic zone.
Egyptian officials believe cooperation with the company could help improve the country’s transport and logistics network.
It could also support efforts to attract more international investment into the Suez Canal region.
However, the source does not announce a final investment agreement or provide a value for any potential deal.
Therefore, the discussions should be described as investment talks, rather than a confirmed new UAE investment.
Egypt and UAE deepen fintech links
The two countries are also looking beyond ports.
Egypt is working to register Sahel, a digital payments and utilities platform partly owned by the National Investment Bank, at the Dubai International Financial Centre.
The move would give the Egyptian platform a base from which to expand into regional markets.
It could also make it easier for Egyptians living in the UAE to make digital payments for services back home.
Egypt has increasingly made digital development part of its wider economic strategy.
Egypt seeks more Gulf investment
The talks highlight the growing economic relationship between Egypt and the UAE.
Both countries are seeking further joint investment opportunities across important sectors, according to the source.
For Egypt, attracting Gulf capital could support major infrastructure and economic development projects.
Meanwhile, the UAE continues to expand its commercial presence across Africa.