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Dr. Rania Al-Mashat discusses with her Emirati counterpart the activation of the joint committee and the strengthening of relations

Dr. Rania Al-Mashat, Minister of International Cooperation, met with Reem Al-Hashimi, Minister of State for International Cooperation of the United Arab Emirates, within the framework of the activities of the St. Petersburg International Economic Forum for 2021, which will be held in Russia from 2-5 June.

During the meeting, the Minister of International Cooperation discussed economic relations between the Arab Republic of Egypt and the United Arab Emirates, stressing the Egyptian government's constant keenness to develop joint relations in light of the long-standing historical relations between the two countries.

Al-Mashat also discussed joint cooperation through the Egyptian-Emirati Joint Higher Committee, which was established in 1988, and held only two sessions in 1990 and 1991, noting the importance of reactivating the committee between the two countries to support bilateral relations in various fields, which was welcomed by the Minister of State. UAE International Cooperation Affairs.

They discussed holding the International Expo in the UAE next October, after it was postponed last year due to Corona, with the participation of a large number of countries to display the latest systems in the field of architecture and technology; Al-Hashemi pointed to the ongoing preparations for Egypt's National Day, which falls on October 31, as part of the Expo.

The Minister of International Cooperation expressed her aspiration to strengthen joint economic relations through the UAE financing institutions, the Khalifa Fund for Project Development and the Abu Dhabi Fund for Development, in a way that maximizes the Egyptian economy's benefit from the services and facilities provided by these agencies, to finance and serve important development projects, in light of the strategy The Ministry of International Cooperation is based on three main axes: the citizen is the focus of attention, ongoing projects, and the goal is the driving force.

Al-Mashat referred to the role played by the Ministry of International Cooperation to develop economic cooperation relations with multilateral and bilateral development partners, through the principles of economic diplomacy, which is the platform for joint coordination cooperation, matching development financing with the UN goals for sustainable development, and listing international participation, including It achieves a sustainable economy based on enhancing the efficiency of resource use and reducing waste, and building multilateral and bilateral partnerships that support the implementation of the country's development vision and the seventeen United Nations goals for sustainable development.

The talks between the two ministers touched on the importance of multilateral cooperation in light of the Corona pandemic, and the role it plays in supporting development efforts in different countries, and enhancing their ability to move forward with development plans.

It is worth noting that the cooperation relations with the United Arab Emirates vary between cooperation with the Abu Dhabi Fund for Development, with which cooperation relations extend since 1974, where the Fund contributed to financing 17 important projects in Egypt, worth more than about $1.715 billion in a number of important sectors. In addition to two grants totaling $380 million; This is in addition to the UAE grant worth $5 billion, for which the framework agreement was signed on 10/26/2013 to implement development projects in the Arab Republic of Egypt in the fields of energy, housing, food security, education, vocational training, health and transportation.

In addition to cooperating with the Khalifa Fund for Enterprise Development through a development financing agreement signed in 2014 with a value of $200 million allocated to contribute to financing support for the micro-enterprise sector in the Arab Republic of Egypt.

The Saint Petersburg International Economic Forum is one of the largest economic events in the world and has been organized annually in Saint Petersburg, Russia since 1997, and under the auspices of the Russian President since 2006. Facing Russia, emerging markets and the world.

More than 10,000 people from more than 120 different countries participate in the Forum annually, and the Forum brings together heads of state and government, deputy prime ministers, ministers and CEOs of major Russian and international companies, foreign banks, leading experts and other representatives of the political world, and elite businessmen.