Egypt, UAE discuss DP World logistics expansion, Sahel fintech registration
Rostom said digital transformation remains a key pillar of Egypt’s efforts to build a modern economy.
UAE – Egypt’s Minister of Planning, Ahmed Rostom, has held talks with DP World Chairman, Essa Kazim, to discuss logistics expansion in the Suez Canal Economic Zone and the registration of the Egyptian fintech firm Sahel at the Dubai International Financial Centre.
The meeting explored ways to increase investment in the Suez Canal Economic Zone (SCZONE) and to broaden cooperation with DP World in logistics, container management and handling.
The discussions focused on enhancing the zone’s ability to capitalize on its strategic location as a major hub for trade and the movement of goods between regional and international markets.
Fintech Expansion and Digital Services
The two sides also discussed the procedures and steps required to register Sahel, a digital solutions, bill payment and utility services company in which Egypt’s National Investment Bank holds a stake, with the Dubai International Financial Centre.
Discussions also considered using Sahel’s DIFC registration to offer electronic payment services to Egyptians living in the UAE, enabling them to settle bills and other financial obligations through secure, efficient digital solutions.
Digital Transformation and Economic Competitiveness
Rostom said digital transformation remains a key pillar of Egypt’s efforts to build a modern economy, emphasizing the need to expand digital government and financial services to improve efficiency and make them more accessible to citizens both inside and outside the country.
He added that supporting Egyptian companies in fintech and digital services, and helping them expand into regional markets, is an important part of the government’s strategy to strengthen the digital economy and improve services available to citizens.
The minister also noted that deeper cooperation with major UAE financial and logistics institutions could create opportunities for further high-value investment and knowledge exchange, particularly in logistics, financial services and digital technology.
He said the partnership with DP World could contribute to Egypt’s plans to develop the transport and logistics ecosystem within the Suez Canal Economic Zone, reinforcing its role as a regional hub for trade and logistics services.
Finally, both sides agreed to continue coordination to support joint investment opportunities and develop cooperation frameworks in priority sectors, in line with Egypt’s objectives of attracting investment and strengthening the competitiveness of its economy.
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