Egypt Economic Development Conference March 2015
Bin Rashed: UAE will offer 4 billion dollars to help boost Egypt’s economy
Sunday، 15 March 2015 - 12:00 AM
Vice President of the UAE and Ruler of Dubai Mohamed bin Rashed al Maktoum said that the UAE is proud of its distinguished ties with Egypt and its people. He said there would be no existence for Arabs without Egypt.
Speaking at Egypt Economic Development Conference (EEDC) on Friday, the UAE Vice President said history says that when Egypt is strong, it will be capable of breathing life into the nation and boost its development.
Bin Rashed also announced that the UAE will offer 4 billion dollars to help boost Egypt’s economy. He added that 2 billion dollars will be deposited with the Central Bank of Egypt, and 2 billion dollars will be used to stimulate the Egyptian economy through a set of initiatives that will be announced later.
“Our stand with Egypt is not due to our hatred toward anyone, but because of our affection toward the Egyptian people,” bin Rashed added.