The UAE is also the largest international investor in Egypt, with about AED55 billion in total investments. According to data from the Federal Competitiveness and Statistics Centre, non-oil commerce between the UAE and Egypt has totaled over AED247.68 billion over the last 22 years, increasing by 3,635 percent since 2000. In 2021, the top three goods imported from Egypt were crude gold valued at AED1.39 billion, postal and financial stamps valued at AED1.23 billion, and display screens valued at AED1.01 billion.
Crude gold at AED2.83 billion, ethylene polymers around AED1.2 billion, and propylene polymers worth AED822 million were the top commodities shipped to Egypt. Communication gadgets worth AED4.03 billion, data processing equipment worth AED1.96 billion, and petroleum oils and oils produced from continental natural resources other than crude oil worth AED450 million were the top three items re-exported to Egypt.
From 2003 to 2019, the value of Emirati investments in Egypt was over AED110 billion, and the UAE ranked first globally in terms of the number of firms operating in Egypt, with nearly 1,250 companies totaling US$17 billion in capital.
Over AED4 billion has been invested in the UAE by Egyptian firms in the real estate, finance, construction, wholesale, and retail sectors. In May 2022, the two nations announced the signing of the Industrial Partnership for Sustainable Economic Growth, as well as the establishment of a US$10 billion investment fund, with Jordan.
In 2019, the two nations formed a $20 billion combined strategic investment platform to assist achieve critical economic and social initiatives. Sky AD announced its ambition to spend EGP15 billion in real estate projects in Egypt during the next two years in 2021. In June 2022, the Al Futtaim Group announced plans to invest between $700 million and $1 billion over the following three years.
