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- Julphar Takes part in the UAE-Egyptian Business Meeting In Abu Dhabi headed by the Egyptian Prime Minister
Julphar Takes part in the UAE-Egyptian Business Meeting In Abu Dhabi headed by the Egyptian Prime Minister
An official delegation from Julphar, one of the largest pharmaceutical companies in the Middle East and Africa, attended a business meeting with His Excellency Dr. Mostafa Madbouly, the Prime Minister of the Arab Republic of Egypt. The meeting was organized by the UAE International Investors Council (UAEIIC) at the Emirates Palace in Abu Dhabi and was attended by Egyptian ministers and representatives of major companies in the UAE, where all parties discussed stressing and enhancing the UAE investments in Egypt.
During the meeting, all parties discussed with the Egyptian Prime Minister, Dr. Mostafa Madbouly, and his accompanying delegation, the current and future economic and investment opportunities between the UAE and Egypt and the facilities and future support required to enhance the investment process in Egypt in line with the long-term bilateral ties between the two countries.
Julphar participated in this meeting as a strategic partner and as a member of the UAE International Investors Council, where the UAE based company valued the efforts of the UAEIIC in facilitating and enhancing the presence of major Emirati companies in global markets in line with the UAE's strategic plan, policy and external approach.
On the sidelines of the meeting, the Julphar delegation had the chance to meet with Dr. Tamer Essam, Chairman of the Egyptian Drug Authority, to discuss ways for future cooperation between both sides. The delegation was represented by Mr. Nasser bin Tahnoun Al Naqbi, Executive Director of Commercial Affairs at Julphar, Member of the Executive Committee of the UAE International Investors Council; Dr. Mohamed Ibrahim, GCC Director; Dr. Yasser Hosni, Market Access Manager-GCC, and Mr. Adel Khaled, Public Relations and Corporate Communication Manager at Julphar.
His Excellency Jamal bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC), said: "We were honored to meet with the HE Dr. Mostafa Madbouly, Prime Minister of Egypt. As it was a distinguished and very successful meeting, both in terms of the quality of participants, that included ministers, ambassadors, officials and representatives of major Emirati companies and businessmen from all sectors where everyone had the chance to participate in a comprehensiveness discussion about the UAE investments in Egypt.
“We have historical relations and authentic brotherly bonds that bring together the two countries. Within the framework of the continuous collaboration between the UAE and Egypt, the economic and investment move between the two countries is witnessing a great development across all fields. The economic and investment relations are a strong reflection of the strength of the relations and the aspirations of the political leadership between the two brotherly countries. The United Arab Emirates is the first country in the Arab world in terms of investments volume in the Arab Republic of Egypt, and it is constantly increasing, as well as the continuous desire by the two countries to increase Emirati investments from $20 billion to $35 billion over the next decade, with a 75% growth in the sectors of tourism, education, logistics, food industries and clean energy. The Egyptian market has more than 1,200 Emirati companies operating in many sectors, in addition to the sectors that Emirati companies have written distinct success stories in the Egyptian market, such as the telecommunications sector, building and construction, smart cities, retail trade, oil and gas, ports and the entertainment sector, Agriculture, the hotel sector, services and others.
Dr. Essam Mohamed, CEO of Julphar, said: "This generous initiative extends the existing strategic economic cooperation between the United Arab Emirates and the Arab Republic of Egypt and is a great addition to the solid track record of investment projects. The initiative of the HE Dr. Mostafa Madbouly, Egyptian Prime Minister, reflects our confidence in the future of the investment opportunities in Egypt as a key market for Julphar. We are confident that we will be able to accelerate our investments based on the unwavering support of His Excellency Dr. Madbouly to strengthen economic ties between the UAE and Egypt for both countries in the long-term."
"I would like to take the chance to thank the UAE International Investors Council (UAEIIC) and His Excellency Jamal bin Saif Al Jarwan, Secretary-General of the Council, for the efforts to support and empower the UAE company's investments and for his pivotal role in creating interactive business platforms for presenting and discussing investment challenges, which we benefit from as a strategic partner and member in the council."
Nasser bin Tahnoun Al Naqbi, Executive Director of Commercial Affairs at Julphar, member of the Executive Committee of the UAE International Investors Council, said: "I extend my sincere thanks to HE Dr. Mostafa Madbouly, Egyptian Prime Minister, and his accompanying delegation and the UAE International Investors Council. We are honored with our participation in this meeting as an active member of the Council alongside our partner of the leading UAE companies. The Egyptian market comes at the forefront of the markets in which Julphar operates, and we look forward to building on the strong relationship that unites the two countries, working hand in hand with the support of the Egyptian Government towards achieving our common goals that serve the interests of all parties."
It is worth mentioning that Julphar has joined the UAE International Investors Council (UAEIIC), which has under its umbrella a consortium of mega Emirati companies investing abroad in all economic sectors, in March 2022, following approval from the board of directors of The UAEIIC, headed by H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy, Chairman of the UAE International Investors Council (UAEIIC).