Economic partnerships earning UAE increased global confidence under Mohamed bin Zayed

• Published date: 18 May 2022
• Publication title: LETA

Thanks to the visionary vision of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE has earned significant international trust that has been translated into several investments and strategic economic projects.

Following His Highness' visit to Egypt in 2016, the UAE provided US$4 billion to support the country, including $2 billion for investments in several developmental areas, and $2 billion as a deposit in the Central Bank of Egypt (CBE).

As part of its support for development efforts undertaken by other countries, the UAE allocated $2 billion to launch investment projects and provide loans for Mauritania, enhancing the relations between the two countries in various areas, most notably in the economic field.

These efforts also included this year's signing of a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India that should increase non-oil trade between the two nations to mor than AED100 bn.

The economic projects announced by the UAE include the establishment of a $10 billion fund to encourage investment in Turkey, support the Turkish economy, and strengthen cooperation between the two countries. The fund focuses on strategic investments, most notably in the logistics sectors, energy, health and food.

During the last year's visit of President His Highness Sheikh Mohamed to the United Kingdom, a partnership agreement...