CAIRO – Egyptian Prime Minister Moustafa Madbouli held a meeting with Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim al-Khorayef in the country’s administrative capital, TV BRICS reported Wednesday.
The main topic of the talks was strengthening bilateral co-operation in the industrial and mining sectors.
Madbouli expressed hope that the establishment of the Egyptian-Saudi Supreme Coordination Council in October 2024 would contribute to a significant increase in Saudi investments in Egypt, which in turn will lead to new joint projects in the fields of industry and mining.
Madbouli emphasised that Egypt offers many promising investment opportunities in the industrial sector from which Saudi companies can benefit.
He noted that Egypt’s free trade agreements with various countries and regional blocs offer Saudi businessmen a chance to enter new markets.
The premier invited Saudi investors to explore opportunities in Egypt’s oil, gas and petrochemical sectors.
For his part, Khorayef said his country is keen on strengthening relations with Egypt. He praised the establishment of the supreme coordination council, as well as the signing of an agreement to protect mutual investments, which he believes will be an incentive to increase joint investments.
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