‘Egypt looks forward to increasing Saudi investments’

CAIRO – Egypt’s Finance Minister Mohamed Maait said that Egypt looks forward to increasing Saudi investments in its market and fostering trade exchange, especially in light of the distinguished investment opportunities and attractive incentives provided by the State in priority sectors.

Maait made the remarks during his meeting with Saudi Finance Minister Mohammed Aljadaan, on the sidelines of their participation in G20 Finance Ministers and Central Bank Governors’ meetings in Sao Paolo, Brazil, according to a press release by the Finance Ministry.

The two ministers discussed ways of strengthening cooperation in economic and financial areas.

The finance minister added the Egyptian government works to stimulate local and foreign investments, by empowering the private sector to act as the engine of economic growth in Egypt during the next stage.

The two sides agreed on the necessity of deepening economic cooperation whether at the bilateral, Arab, or international levels, to address economic challenges associated with successive geopolitical crises.