The UAE and Egypt have launched a joint strategic investment platform worth AED 73.4 billion.
It comes after His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces met with Egyptian President Abdel Fattah El Sisi in Abu Dhabi.
The funds will be used to implement vital economic and social projects in both countries.
Sisi's two day state visit to the UAE has been focussed on strengthening bilateral relations between Egypt and the emirates.
UK's Jaguar Land Rover to cut 4,000 jobs over next two years
Salik renews tolling technology deal for five years
Volkswagen flags 50,000 job cuts across group
UAE tightens anti-fraud rules, sets 24-hour deadline to withdraw fake goods
Apple facing $2.7 billion UK lawsuit over 'unfair' app tracking rules
