KSA
The signing took place on Tuesday and underscores both countries' commitment to enhancing trade and investment cooperation, especially as Egypt seeks to address its ongoing economic challenges.
He reaffirmed the Egyptian government’s commitment to tackling the remaining 25 percent of issues to enhance the investment climate further.
Madbouly emphasized the government’s commitment to resolving these issues by the end of 2024 and highlighted the ongoing efforts to facilitate smoother interactions with Saudi investors.
Madbouly emphasized the government’s commitment to resolving these issues by the end of 2024 and highlighted the ongoing efforts to facilitate smoother interactions with Saudi investors.
During the meeting, Madbouly underscored the expansive investment partnership between Egypt and Saudi Arabia, emphasizing its role in delivering substantial economic benefits to both countries.
The Egyptian Ministry of Foreign Affairs added that the visit also aims to consult on common regional challenges and strengthen the bonds of Arab solidarity in the face of these challenges.
The discussions centered on expanding bilateral relations and bolstering partnerships, particularly in key sectors identified as priorities by Egypt
Ramy Amin: The conference aims to shed light on available investment opportunities and mechanisms to address challenges.
The agreements will cover investments in sectors such as energy, real estate, agriculture, and tourism
Sources stated that there is a preliminary agreement in place, which will include the renewal of existing deposits provided by the two Gulf countries that are set to expire next year
The Saudi Cabinet agreed on a memorandum of understanding (MoU) between Saudi Arabia and Egypt to cooperate in the spheres of electricity, renewable energy and clean hydrogen, according to Saudi Press Agency (SPA).
Saudi Arabia ranked first in the list of the top ten Arab countries in the value of remittances from Egyptians working in it during the fiscal year 2020/2021.
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Pilgrims stone Jamrat Al-Aqabah on first day of Eidul Adha amid smooth movement
The play stars Mohamed Saad, and Mai Selim, along with the artists Wizo, Sami Maghawry, Hassan Abdel Fattah, Mounir Makram, and the youth of the Teatro Theater.
On August 1, many important events took place.
On June 3, the superstar Assala will perform a concert in Saudi Arabia, which is considered the first concert to be held in the kingdom since the beginning of the COVID-19 pandemic.
The Tourism Recovery Summit recommends formulating a unified mechanism for travel and tourism amid the global pandemic.
Enany congratulated Prince Sultan Al-Saud on his appointment as a member of the Board of Trustees of the Grand Egyptian Museum by Egypt’s President Abdel Fattah el-Sisi.
Shokry will meet his Saudi counterpart after senior officials from both countries coordinated the content of their meeting a day earlier.
