The Prime Minister discusses increasing Egyptian-Saudi investments with officials in the Kingdom.. Photos


Today, Prime Minister Dr. Mostafa Madbouly met with Dr. Essam bin Saeed, Minister of State and Member of the Saudi Cabinet, and Ambassador Osama Naqli, Ambassador of the Kingdom of Saudi Arabia to Egypt and Permanent Representative of the Kingdom to the League of Arab States, in the presence of Dr. Hala Al-Saeed, Minister of Planning and Economic Development .

Ambassador Nader Saad, spokesman for the Presidency of the Council of Ministers, said that Dr. Mostafa Madbouly stressed that this meeting comes within the framework of efforts to push and increase investments between the two countries, and to enhance trade exchange, with the aim of investing the momentum in Egyptian-Saudi relations achieved by the important meeting that brought together President Abdel Fattah El-Sisi, President of the Republic, met with Prince Mohammed bin Salman, the Saudi Crown Prince, in the city of Sharm El-Sheikh, and witnessed a consensus of visions on many issues, confirming the keenness of the two sides to develop joint relations.

For his part, the Saudi minister pointed out the importance of this visit that he is making to Egypt, as it is based on a strategic vision from Saudi Crown Prince Mohammed Salman, based on a real desire to push Saudi investments in a number of countries, led by Egypt, according to a clear methodology, thus encouraging Saudi businessmen to enter the Egyptian market in several sectors, and to enhance their investments in the Egyptian market.

The official spokesman for the Presidency of the Council of Ministers added that the Minister of Planning referred during the meeting to the strong and strategic relations between Egypt and the Kingdom of Saudi Arabia, explaining that the Egyptian government has a clear vision of the most important areas of cooperation that can be developed and supported in projects of common interest and priority sectors. Pointing to the government’s keenness to make all efforts to advance investment, and to overcome all obstacles that may face investors in Egypt.


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