The Saudi-Egyptian Business Council called for the establishment of an economic alliance between the Kingdom and Egypt to enter into third markets, especially the African market, and to achieve integration between the business sectors in projects and investment opportunities to provide sufficiency and national food and pharmaceutical security for the two countries and face the challenges posed by global crises.
The President of the Federation of Saudi Chambers, Hassan bin Mujeb Al-Huwaizi, stressed during the meeting that "the Kingdom and Egypt are linked by about 70 agreements, protocols and memorandums of understanding between government and private institutions, which reflects the strategic partnership between them," noting the role of the Saudi-Egyptian Business Council in stimulating trade and investment between the two countries, praising the agreement between the federations of chambers to form a joint working group to study opportunities, overcome challenges and serve investors in the two countries.
For his part, the head of the Federation of Egyptian Chambers, Ahmed Al-Wakeel, said that the two countries are witnessing an economic boom and enjoy an attractive business environment for investors, considering that the Kingdom is one of the largest investors in Egypt with more than 3,000 projects worth $ 30 billion.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
