Dubai: As part of the ongoing efforts of the Egyptian Commercial Service (ECS) to strengthen economic, commercial, and investment relations between Egypt and the United Arab Emirates, the ECS office in Dubai, headed by Minister Plenipotentiary Manal Abdel Tawab, organised a meeting on Wednesday, October 1, 2025. This meeting was held between Engineer Kamel El-Wazir, Deputy Prime Minister for Economic Development and Minister of Industry and Transport, and Mr. Farid Belbouab, CEO of Gulftainer, a leading company in container terminal management, logistics, and shipping.

According to State Information Service Egypt, the meeting took place on the sidelines of Engineer Kamel El-Wazir's participation in the World Maritime Transport Conference, held in Dubai from 30 September to 1 October. Engineer Kamel El-Wazir, Minister of Industry and Transport, highlighted the strategic importance of Gulftainer's entry into the Egyptian market. He noted Egypt's unique geographic location on the shipping lanes of the Mediterranean and Red Seas, alongside the Suez Canal, as a prime destination for such significant investments.

It was also agreed that a delegation from Gulftainer would visit Egypt soon to explore investment opportunities firsthand. This visit will be coordinated with the Egyptian Commercial Office in Dubai, aiming to pave the way for contract signings and the commencement of managing and operating one of the container terminals and logistics areas in alignment with the company's investment goals.

Minister Plenipotentiary/Dr. Abdulaziz Al-Sharif, First Deputy Minister and Head of ECS, emphasized that Gulftainer's investment in Egypt represents a crucial step in strengthening bilateral cooperation and opening new avenues for Emirati investments. This development is set against a backdrop of increasing momentum and continuous growth in economic relations between the two nations.

Al-Sharif further added that UAE investments in Egypt are a cornerstone of this economic partnership, reaching approximately $21.8 billion by the end of February 2025. This reflects the strong confidence of UAE investors in the Egyptian economy and their determination to expand across various sectors.