In his first official visit to the UAE, Egyptian President Abdul Fattah Al Sisi arrived Sunday in the UAE, to meet Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and General Sheikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, for talks over bilateral ties, issues of common interest and investment opportunities in Egypt. During his meeting with UAE businessmen and Dr Sultan Bin Ahmad Sultan Al Jaber, Minister of State at Emirates Palace Hotel, Al Sisi said: "We welcome you in Egypt and will work on providing the appropriate investment climate". He added, "We shall do all our best for you to find in Egypt real and feasible investment opportunities", as he praised UAE investors for standing with Egypt in "an unforgettable manner". He stressed that Egypt is a large and important market, adding that the Egyptian economy is an open window towards the African economy, which includes more than 1.3 billion people. Al Sisi assured Egypt is working to overcome the obstacles foreign investments faced during the past four years, adding that investments were unattractive as a result of bureaucracy and corruption in obtaining permits and licenses for investors. He affirmed that Egypt respects its obligations towards investors and will have "a unified investment law ahead of the economic conference in March". Sisi will attended on Monday the World Future Energy Summit in Abu Dhabi. Egypt-UAE relations were boosted following the ouster of MB regime June 2013, with the UAE implementing a number of development projects worth more than $10 billion (Dh367 billion) in 18 governorates, generating more than 600,000 jobs and serving over 10 million people.
