CAIRO – Egyptian Minister of Trade and Industry Nevine Gamea discussed with her Saudi counterpart Majid Al-Qasabi preparations for holding the Egyptian-Saudi Joint Committee that the Kingdom will host in the coming week.
The committee is set to be co-chaired by Egypt’s Gamea and Saudi Arabia’s Qasabi.
In a statement released on Thursday by the Ministry of Trade and Industry, the minister said the joint committee represents a cornerstone for supporting bilateral relations in various fields and at all levels.
The two sides reviewed means of developing economic co-operation between the two brotherly countries and possibilities for strengthening joint efforts to address the current economic variables in the regional and international arenas.
Gamea said rates of trade exchange between Cairo and Riyadh increased in the past year despite the negative impacts of the coronavirus, a fact that reflects the distinguished ties binding between both countries at all levels.
Egypt’s exports to Saudi Arabia in 2021 hit $1.995 billion , against $1.699 billion registered in 2020, she underlined.
Meanwhile, the Saudi minister affirmed the Kingdom’s keenness to push economic co-operation between both countries to distinguished levels reflecting strategic bilateral relations binding Cairo and Riyadh.
He hailed the great developments that Egypt has recently witnessed, mainly as regards providing suitable infrastructure and an investment-friendly climate.
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