Prime Minister Mostafa Madbouly has met with Mohammed Saeed Al Dhanhani, Director of the Fujairah Emiri Diwan in the United Arab Emirates (UAE) to review future expansion plans in the Egyptian market in the field of oil and gas.

At the beginning of the meeting, Madbouly expressed his appreciation for the depth of the distinguished bilateral relations between Egypt and the UAE, stressing the Egyptian government’s keenness to deepen cooperation with the UAE in various fields, especially in the field of economic cooperation, which has witnessed remarkable development recently.

Meanwhile, Al Dhanhani reviewed future expansion plans in the Egyptian market in the field of oil and gas, especially the signing of the initial agreement between the Egyptian government, the Emirate of Fujairah and the Borouge Investments and Gas Company.

Al Dhanhani expressed his thoughts that this agreement will contribute to strengthening relations in the field of oil and gas in terms of implementing infrastructure and service projects in the petroleum sector in the Arab Republic of Egypt. Including the production, storage, trading, import, export, re-export and refining of petroleum and its derivatives

Moreover, Al Dhanhani stated that the Emirate of Fujairah is a global strategic center in the field of storage and trading of oil and its derivatives, and occupies a distinguished position among the three largest storage centers in the world, and there is a serious desire from the company to transfer its experience in this field to its brothers in the Arab Republic of Egypt.

Meanwhile, Suhail Al Mazrouei, Member of the Board of Directors of Borouge Company, explained that the UAE and Egypt have strong and strong fraternal and bilateral relations, strengthened by the vision of the two brotherly countries to achieve progress and growth in various sectors, the most important of which is the economic sector.

Al Mazrouei noted that this initial agreement will make the company move at a steady pace to establish and develop a giant project that will support the oil sector in Egypt, in light of the potential of this sector, which has succeeded in making Egypt the most attractive destination for investments, especially from the UAE.

At the end of the meeting, Madbouly praised the serious desire and offer presented by the company and affirmed his full support for implementing such projects and reaching results as quickly as possible.