“Economist” to “Previously”: The Saudi-Egyptian partnership will expand the role of banks

0
15


He said: The presence of Saudi investors in a country the size of Egypt will achieve more economic cooperation


Dr. Fahd bin Suleiman Al-Nafi, a faculty member at the College of Economics and Administration, told “Previously” about Saudi Arabia’s decision to be Egypt’s first trading partner for the next five years: “International investments are intertwined and multiple, especially if the stimulating elements of the investment environment between countries and the solid relationship meet. The link between Saudi Arabia and Egypt in all fields is the strongest incentive for Saudi Arabia to be Egypt’s first trading partner for the next five years.”

He added: “The encouraging economic environment in Egypt made it a place for investment for Gulf nationals in general, and Saudis in particular, as the number of Saudi companies investing in Egypt exceeded six thousand companies, with a value of thirty billion dollars. This trend of commercial partnership with Egypt for the next five years gives a strong indication of the Strengthening the Saudi economy by diversifying its foreign investments.

He continued, “This commercial partnership will give the Saudi investor priority with all the facilities granted by the host country to them, and remove all obstacles. All this will increase the number of companies and capital that will achieve strong support for our economy. The presence of Saudi investors in an Arab country the size of Egypt will achieve more political cohesion and cooperation.” And the economy is between the two most influential Arab countries in the region, and Saudi Arabia is the first in the Arab world in terms of its foreign investments, and among the 20 largest countries in the world in foreign direct investment.

He concluded by saying: “Saudi investments abroad have contributed to development processes and supported the achievement of political and economic stability in those countries through the words of their officials. Expanding Saudi investments abroad is only part of achieving the goals of Vision 2030. With these steps, it is proceeding according to economic plans to expand its investments in open markets.” And it gives the opportunity for Saudi investors to expand their activities in various sectors outside its regional borders.The partnership policy with Egypt for the next five years is nothing but a confirmation of the successes achieved for Saudi investors abroad.This type of partnership will open the way for Saudi banks and financial institutions to expand their role as well, to keep pace with the expansion. in the volume of investments expected over the next five years.

“Economist” to “Previously”: The Saudi-Egyptian partnership will expand the role of banks and financial institutions in the Kingdom

previously

Dr. Fahd bin Suleiman Al-Nafi, a faculty member at the Faculty of Economics and Administration, told “Previously” about Saudi Arabia’s decision to be Egypt’s first trading partner for the next five years: “International investments are intertwined and multiple, especially if the stimulating elements of the investment environment between countries and the solid relationship meet. The link between Saudi Arabia and Egypt in all fields is the strongest incentive for Saudi Arabia to be Egypt’s first trading partner for the next five years.”

He added: “The encouraging economic environment in Egypt made it a place for investment for the Gulf people in general, and the Saudis in particular, as the number of Saudi companies investing in Egypt exceeded six thousand companies, with a value of thirty billion dollars. This trend of commercial partnership with Egypt for the next five years gives a strong indication of the Strengthening the Saudi economy by diversifying its foreign investments.

He continued, “This commercial partnership will give the Saudi investor priority with all the facilities granted by the host country to them, and remove all obstacles. All this will increase the number of companies and capital that will achieve strong support for our economy. The presence of Saudi investors in an Arab country the size of Egypt will achieve more political cohesion and cooperation.” And the economy is between the two most influential Arab countries in the region, and Saudi Arabia is the first in the Arab world in terms of its foreign investments, and among the 20 largest countries in the world in foreign direct investment.

He concluded by saying: “Saudi investments abroad have contributed to development processes and supported the achievement of political and economic stability in those countries through the words of their officials. Expanding Saudi investments abroad is only part of achieving the goals of Vision 2030. With these steps, it is proceeding according to economic plans to expand its investments in open markets.” And it gives the opportunity for Saudi investors to expand their activities in various sectors outside its regional borders.The partnership policy with Egypt for the next five years is nothing but a confirmation of the successes achieved for Saudi investors abroad.This type of partnership will open the way for Saudi banks and financial institutions to expand their role as well, to keep pace with the expansion. in the volume of investments expected over the next five years.

16 June 2021 – 6 Dhu al-Qi’dah 1442

09:46 PM


He said: The presence of Saudi investors in a country the size of Egypt will achieve more economic cooperation

Dr. Fahd bin Suleiman Al-Nafi, a faculty member at the Faculty of Economics and Administration, told “Previously” about Saudi Arabia’s decision to be Egypt’s first trading partner for the next five years: “International investments are intertwined and multiple, especially if the stimulating elements of the investment environment between countries and the solid relationship meet. The link between Saudi Arabia and Egypt in all fields is the strongest incentive for Saudi Arabia to be Egypt’s first trading partner for the next five years.”

He added: “The encouraging economic environment in Egypt made it a place for investment for the Gulf people in general, and the Saudis in particular, as the number of Saudi companies investing in Egypt exceeded six thousand companies, with a value of thirty billion dollars. This trend of commercial partnership with Egypt for the next five years gives a strong indication of the Strengthening the Saudi economy by diversifying its foreign investments.

He continued, “This commercial partnership will give the Saudi investor priority with all the facilities granted by the host country to them, and remove all obstacles. All this will increase the number of companies and capital that will achieve strong support for our economy. The presence of Saudi investors in an Arab country the size of Egypt will achieve more political cohesion and cooperation.” And the economy is between the two most influential Arab countries in the region, and Saudi Arabia is the first in the Arab world in terms of its foreign investments, and among the 20 largest countries in the world in foreign direct investment.

He concluded by saying: “Saudi investments abroad have contributed to development processes and supported the achievement of political and economic stability in those countries through the words of their officials. Expanding Saudi investments abroad is only part of achieving the goals of Vision 2030. With these steps, it is proceeding according to economic plans to expand its investments in open markets.” And it gives the opportunity for Saudi investors to expand their activities in various sectors outside its regional borders.The partnership policy with Egypt for the next five years is nothing but a confirmation of the successes achieved for Saudi investors abroad.This type of partnership will open the way for Saudi banks and financial institutions to expand their role as well, to keep pace with the expansion. in the volume of investments expected over the next five years.





LEAVE A REPLY

Please enter your comment!
Please enter your name here