Arab or Western billionaires? Who invests more in Egypt’s real estate?

This figure reflects the confidence of Emirati investors in the Egyptian economy and their desire to expand across various sectors.

This was stated during a meeting organized by the Egyptian Commercial Office in Dubai, chaired by Commercial Counselor Manal Abdel Tawab, between Lieutenant General Engineer Kamel El-Wazir – Egypt’s Deputy Prime Minister for Economic Development and Minister of Industry and Transport – and Farid Belhaj, CEO of the Emirati company Gulftainer, in the presence of Ambassador Essam Ashour, Egypt’s Ambassador to the UAE, and Hussein Abdel Moneim Hussein, Deputy Head of the Commercial Office in Dubai.

The meeting took place on the sidelines of the Minister’s participation in the World Maritime Transport Conference held in Dubai from September 30 to October 1, where the company presented its investment plan in the Egyptian market, estimated at one billion US dollars, including investment in one of Egypt’s ports (East Port Said, Alexandria, Damietta).

Gulftainer is one of the leading global companies operating in container terminal management and logistics services, providing services in 10 countries including the United States, UAE, and Saudi Arabia.

For his part, Egyptian Minister Lieutenant General Kamel El-Wazir emphasized the importance of the company’s entry into the Egyptian market, explaining that Egypt’s strategic location on the Mediterranean and Red Seas, and the passage of the Suez Canal as one of the world’s most important maritime routes, makes it an ideal destination for major investments in maritime transport and logistics.

He also stressed that investment opportunities are not limited to the ports of Alexandria or Damietta only but extend to various ports and logistics areas in line with the size and capabilities of the Emirati company.

The two sides agreed that a delegation from Gulftainer would visit Egypt soon to explore investment opportunities on the ground, paving the way for signing contracts and starting the operation and management of one of the container terminals or logistics zones.

In this context, Commercial Counselor Dr. Abdel Aziz Al-Sharif – First Undersecretary of the Ministry of Trade and Industry and Head of the Commercial Representation Authority – confirmed that the company’s investment in Egypt represents an important step to enhance bilateral cooperation and opens new horizons for Emirati investments amid the growing momentum in economic relations between the two countries.