Fujairah's Leader Engages With Egypt's Petroleum Minister On Energy Cooperation
H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, commended the strong historical ties between the UAE and Egypt. He highlighted that these relations are evolving positively across various sectors, benefiting both nations. This statement was made during his meeting with Karim Badawi, Egyptian Minister of Petroleum and Mineral Resources, Mahmoud Abdel Shafi, Undersecretary of the Ministry, and Waleed Lotfy, Chairman and Managing Director of PETROJET at Al Rumaila Palace in Fujairah.
The Egyptian Minister of Petroleum and Mineral Resources lauded the UAE's leading role in advancing the energy sector. He also praised Fujairah's significant contribution to global oil trade and storage due to its advanced infrastructure and technology. This recognition followed his tour of several economic projects in the emirate, including visits to Port of Fujairah, Fujairah Oil Industry Zone, Fujairah Natural Resources Corporation, and Brooge Energy.
During their discussion, Sheikh Hamad received a comprehensive briefing from the Egyptian Minister on various topics related to Egypt's oil, gas, and energy sectors. The minister elaborated on future prospects and ongoing efforts by the Egyptian government to enhance this industry.
Badawi emphasised the vast potential of Fujairah and its exceptional services for investors across all economic fields. He noted the emirate's extensive experience in oil trade and storage. Additionally, he stressed the importance of future cooperation to foster broad economic partnerships.
The meeting saw attendance from several officials who witnessed discussions aimed at strengthening bilateral ties between the two countries. The focus was on mutual interests that could lead to further development in various fields.
The visit by the Egyptian delegation underscores the deep-rooted relationship between Egypt and the UAE. It also highlights ongoing efforts to explore new avenues for collaboration in energy and other sectors.
Sheikh Hamad acknowledged that these relations are built on a wise vision shared by both nations' leaderships. He expressed optimism about continued growth and cooperation that would serve both peoples' interests.
The discussions also touched upon how Fujairah's strategic location and capabilities have enhanced its role in regional and international economic indicators. The emirate's advanced technologies were noted as key contributors to this success.
This engagement reflects a commitment to leveraging each country's strengths for mutual benefit. It also aims at creating opportunities for joint ventures that can drive economic growth in both regions.
The meeting concluded with an agreement on the need for sustained dialogue and collaboration to achieve shared goals. Both sides expressed their readiness to work together on initiatives that would bolster their respective economies.
With inputs from WAM
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