President Abdel Fattah El Sisi affirmed full support for enhancing trade and joint investment projects with Saudi Arabia in various development fields to achieve the common interests of the two countries, referring to the government’s keenness to maintain regular contacts with Saudi investors to support their activities in Egypt.
The president’s remarks came during his meeting with Saudi Minister of Trade Majid bin Abdullah al-Qasabi in the presence of Minister of Planning and Economic Development Hala el-Saeed and Minister of Trade and Industry Nevine Gamea in addition to Saudi Ambassador in Cairo Osama Nugali and Chairman of the Egyptian-Saudi Business Council Bandar Al-Amri, Presidency Spokesman Ambassador Bassam Radi said.
During the meeting, the president stressed the solid historical relations between Egypt and Saudi Arabia at all levels and highlighted Egypt’s firm stance in support of the Kingdom’s security and stability being part of Egypt’s national security.
For his part, Minister Al-Qasabi stressed the strength of the special relations between the two brotherly countries and appreciated Egypt’s pivotal role in the region, noting that it represents a major pillar of security and stability in the Arab world.
He also appreciated the comprehensive development renaissance Egypt is witnessing under the leadership of President Sisi during the past years since the start of the economic reform process, providing an attractive climate for investment and enhancing the business environment. He referred to the mega projects being implemented in various parts of Egypt.
The Saudi minister also highlighted the diverse and promising investment opportunities those projects provide in all sectors, which made a remarkable qualitative leap in all aspects of life in Egypt.
This is reflected in the keenness of Saudi businessmen to increase their investments in Egypt in the light of the significant development in the investment climate in Egypt, the minister added.
The two sides also discussed ways to support the Egyptian-Saudi Business Council as it plays an important role in increasing communication and interaction between businessmen in the two countries. It also provides a platform for reviewing available investment opportunities and discussing new joint projects.
They agreed on the importance of convening the joint committee between the two sides regularly to discuss ways to enhance economic, investment and trade relations between the two brotherly countries.
