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The Executive Vice President of the General Authority for Investment and Free Zones (GAFI), and the President of the Public Free Zone in the Arab Republic of Egypt, signed a memorandum of understanding and cooperation between Ajman Free Media City and the Public Free Zone in Egypt, In order to enhance relations in the field of media investment in free zones.
This Memorandum comes within the framework of fruitful cooperation and in the spirit of brotherly relations between the United Arab Emirates and the Arab Republic of Egypt in various fields of cooperation, including investment fields, with a view to achieving maximum benefits for both countries, reflecting positively on the economic situation as well as achieving sustainable development. And enhancing these relations through cooperation in the field of media investment in free zones, recognizing that this cooperation will exchange experiences and enrich the investment and media arena in both countries.
Al-Hashemi stressed that the relationship between the UAE and Egypt is a brotherly relationship, pointing out that Egypt is a pioneer in the field of media at the level of the Arab world. Therefore Ajman Free Media City is working on benefiting from Egyptian expertise in this field and achieving investment integration in the field of information between the two countries. Ajman Free Media aims to put the emirate of Ajman in a prominent position in the map of the media centers in the Gulf and the Middle East.
For his part, Advisor Mohamed Abdel Wahab, Executive Vice President of the General Authority for Investment and Free Zones (GAFI), said that the memorandum aims at exchanging business and investment opportunities to facilitate cooperation in the field of media investment and free zone management, and all developments related to the media investment climate in both countries, In addition to the establishment of joint media investment projects, in addition to the exchange of publications, periodicals and guides for investment and business, which each party issued, and encourage the exchange of business missions and follow-up visits between the two countries, and organization of the conference As well as organizing mutual meetings between investors and companies of media interest in both countries, and encouraging investors from both parties to conclude cooperation agreements, contracts and treaties in the information fields among themselves, and to promote and encourage the exchange of experiences and technical know-how.
asmc_fz HE Mahmoud Khalil Al Hashimi, Executive Director,
International Cooperation in the Arab Republic of Egypt at its Cairo office, HE Mahmoud Khalil Al Hashemi, Executive Director of Ajman Free Media City and the accompanying delegation. The two sides discussed means of joint cooperation aimed at enhancing relations in the field of media investment in free zones.
The meeting comes in the spirit of brotherly relations between the United Arab Emirates and the Arab Republic of Egypt in various fields of cooperation, including investment, with the aim of achieving maximum benefits for both countries, which will have a positive impact on economic conditions as well as achieving sustainable development. Cooperation in the field of media investment in free zones.
The two sides expressed their happiness at extending the bridges of cooperation, expressing the desire to activate the agreements and turn them into reality and tangible.
amc_fz Her Excellency Dr. Sahar Nasr, Minister of Investment
Of Ajman Media City with HE Usama Heikal, Chairman of the Egyptian Media Production City Company, a protocol of joint cooperation with the aim of opening new horizons for investment in various media, economic and training fields between the two sides as well as utilizing the expertise of Media Production City as the largest media outlet in the region. Hashemi expressed his happiness to visit the production city, which is a real pride for every Arab, noting the importance of signing this protocol with the city and that there is cooperation in the near future in many fields between the two sides. For his part, Heikal welcomed this important step which will contribute to the creation of new investment projects between the two sides, stressing the depth of the Egyptian-Emirati relations at the level of the political and popular leadership between the two countries. The structure of the delegation also highlighted the possibilities of the city and the most important activities in the studios which are equipped with the latest technical means, which amounted to 79 studios broadcast the most Arab and Egyptian satellite channels via Nilesat, adding that there are plans for the future to expand the establishment of new studios and large areas, The latest studio in the world in the use of audio recording applications is the studio Dolby Atmos, which receives many Arab production companies to register. At the end of signing the protocol, al-Hashemi and Hikal exchanged shields and souvenirs. The UAE delegation also conducted an inspection tour of the city during which he visited the open photography areas, the studio of Dolby Atmos and a number of studios and the various photographic plates.
amc_fz HE Mahmoud Khalil Al Hashimi, Executive Director