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Report: UAE investment in Egypt US$5 bn in first half of 2014

The Egyptian Commercial Representative Office in the UAE announced that the size of UAE investments in Egypt amounted to US$5 billion during the first half of 2014, compared to the same period in the previous year, representing 10 percent of foreign investments in Egypt.
 
The number of UAE companies that pumped $14 billion worth of investments into the Egyptian market amounted to 446 in various industrial and commercial sectors, including oil exploration, agriculture and the creation of silos, real estate and communication, according to an official report.
 
Trade exchange between Egypt and the UAE during the first half of 2014 reached approximately $970 million, compared to $665 million during the same period in 2013, with a total volume of trade exchanged between the two countries at $1.4 billion.
 
Egyptian exports rose by 30 percent during the first half of 2014, compared to the same period in the previous year, the report mentioned, adding that food products ranked first at 38 percent, followed by natural pearls at 22 percent, then machinery and appliances at 12 percent.
 
Imports to Egypt rose by 46.6 percent, reaching $679 million. Gold products ranked first, followed by plastics products.
 
 
Edited translation from MENA
 

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