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التالى السابق

UAE Expanded Economic Role

REPORTS - منذ 10 أيام

UAE, Egypt & Lebanon A path for sustainable Cooperation

South Eye | Report - Exclusive

Amid the economic and trade transformations unfolding across the region, there is no doubt that the UAE, Egypt, and Lebanon stand on the cusp of a new era of economic shifts that could completely reshape the landscape. With each step, new visions are being solidified visions that go beyond mere economic cooperation into strategic projects that open up horizons for a more integrated regional future. In this context, it is clear that countries like the UAE have begun to see the fruits of their deep economic outlook, highlighting transformations that might be even more impactful than growth figures or trade agreements.

From Davos, where global economic leaders gathered, UAE Minister of Economy, Thani Al-Zeyoudi, announced an ambitious target: a 3.8% increase in GDP by 2030, thanks to partnership agreements. While this figure shines with optimism, it’s more than just an economic forecast; it is a precise indicator of the strategy the UAE has adopted to expand its regional and global influence. The UAE is  aiming to increase the size of its trade & expand its markets, also positioning itself at the heart of the global economic system as a key player in trade and technology. For sure this is not limited to physical trade movements but extends to strengthening economic ties that anticipate future needs through massive investments in the sectors that large economies require.

Similarly, Egypt is witnessing a comparable transformation. Despite the challenges it faces, the country is moving toward enhancing its role as a regional trade hub by expanding its ports and boosting logistics capabilities. The collaboration with Abu Dhabi Ports is a proactive step towards achieving this goal. The Alexandria project, which spans 273 acres, is an economic initiative, as well as a serious attempt to reshape the Egyptian economy by leveraging its strategic location in the Mediterranean. Through these initiatives, Egypt is positioning itself as a trade supporter in the region & as a model for many other countries to emulate.

In Lebanon, while the economic horizon is clouded with uncertainty, statements by Emirati businessman Khalaf Al-Habtoor about his future investments in Lebanon carry a promise of a new dawn. Al-Habtoor, who fully understands the criteria for success in major business ventures, points to the potential for Lebanon to become an investment hub, provided that a new government is formed to activate major economic projects. He is not focused on the visible barriers but on the opportunities that could be seized if there is political stability to ensure the effectiveness of economic actions.

From these three focal points, we can discern a clear picture of how these countries are trying to shape a new economic future. The UAE, with its ambitions aligned with future visions, is moving confidently to expand its economic influence in the world, focusing on partnerships that create added value globally. Meanwhile, Egypt is seeking to capitalize on its strategic geographical location and develop its infrastructure to become a regional logistics center. In Lebanon, despite political and economic risks, business leaders remain optimistic about the future, believing that investments will be the key to an economic revival that could restore the Arab world’s confidence in the ability of its nations to rise again.

This is a sequence of economic events that each country is striving to achieve & a significant intellectual shift, embodying a true desire to reshape the economic reality in line with global changes. While economics considered as numbers, in fact it is visions intertwined with politics that transcend borders and affect both regional and international levels.