Abdullah bin Zayed meets Egyptian Prime Minister

WAM CAIRO, 5th Aug. 2013 (WAM) – Egyptian Interim Prime Minister Dr Hazem el-Beblawi received here today UAE Foreign Minister H.H. Sheikh Abdullah bin Zayed Al Nahyan.

Sheikh Abdullah conveyed to Dr el-Beblawi greetings of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and His Highness General Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

In his remarks during the meeting, H.H Sheikh Abdullah underscored the prominent stature of Egypt as an Arab country saying “the stability of Egypt means stability for all Arabs.” H.H Sheikh Abdullah bin Zayed Al Nahyan also reaffirmed the UAE’s keen interest in providing full support to Egypt at the current time, not only through providing aid packages and loans to support Egypt’s currency reserves, but also through medium and long-term development programmes aimed at developing a number of its national economic sectors, the most important of which is the energy sector, through investments into research and exploration fields to enable them to face all challenges efficiently and effectively.

For his part, Dr el-Beblawi praised the UAE for its stance for the 30th June revolution, for its support from the very beginning to the aspirations and for security, stability and progress, as well as for its initiative to provide aid and help in a record time in order to enable the Egyptian interim government to implement the roadmap, and to find an exit from the economic crises Egypt is currently going through.

He also emphasised Egypt’s need for development programmes that run in parallel with an overall industrial strategy, as aid alone does not create growth nor sustainable development.

The Egyptian Prime Minister also expressed his belief that Egypt’s real strength lies in its integration with the Arab region in order to exploit the financial surpluses of wealthy countries and effectively investing them in other countries, and in Egypt in particular, that have promising investment opportunities and great growth potentials.

Sharif Shawky, the Media Adviser for Prime Minister Hazem el-Beblawi, stated that Mr. el-Beblawi presented H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister, with proposals for large development projects to which the UAE and other Arab countries can contribute. According to Shawky, Mr. el-Beblawi’s proposals include the construction of one million housing units for fixed-income people, the construction of healthcare units in villages and remote areas, the construction of a car and rail tunnel south Port Said under the Suez Canal in order to link the Nile Valley with the Sinai Peninsula, as well as a project to expand the entrances of the Suez Canal from the Red Sea and the Mediterranean in order to allow gaint tankers to pass through the canal and therefore to double the income of the canal and give a boost to trade.

Shawky said H.H. Sheikh Abdullah bin Zayed Al Nahyan has promised to consider the UAE’s contribution to these projects, and that the UAE will send a technical delegation to Egypt in the coming few weeks to study all these proposals.

The Egyptian Prime Minister praised the UAE leadership and people’s “historic and noble stances” for the Egyptian people in times of difficulty.

He underlined the efforts made by the UAE in supporting the legitimate demands of the Egyptian people and in offering timely assistance to enable the interim government implement the roadmap and overcome current economic difficulties.

The meeting, which was attended by Mohammed bin Nakhira Al Dhaheri, the UAE Ambassador to Egypt, touched on the bilateral relations and ways to enhance them.

Afterwards, Sheikh Abdullah held a meeting with the Egyptian interim Commerce ”&” Industry Minister, Muneer Fakhri, and reviewed with him cooperation in commercial and industrial fields.

He also met with the Egyptian interim Finance Minister, Ahmed Jalal.

The two Egyptian interim ministers lauded the UAE’s initiatives to support the Egyptian economy and to immediately help the government overcome current economic crisis.

They made note of the importance of the UAE’s recent move of offering a US$ 1 billion grant to Egypt and another US$ 2 billion interest-free loan in the form of a deposit at Egypt’s central bank.

WAM/MAB/MMYS WAM 2144 2013/08/05 WAM/MMYS

Leave a Reply