UAE, Egypt launch joint investment platform

The UAE and Egypt have launched a joint strategic investment platform worth AED 73.4 billion.

It comes after His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces met with Egyptian President Abdel Fattah El Sisi in Abu Dhabi.

The funds will be used to implement vital economic and social projects in both countries.

Sisi's two day state visit to the UAE has been focussed on strengthening bilateral relations between Egypt and the emirates.