Egypt, Saudi Arabia seek boosting joint investments

CAIRO - 18 April 2018: Chairman of the General Authority for Investment and Free Zones Mona Zobaa on Wednesday received a delegation from the Saudi Ministry of Electricity and representatives of several Saudi companies operating in the fields of new and renewable energy.

The meeting took up means of pushing up investment cooperation between the two countries in the domain of electricity and energy.

Zobaa said at the meeting that coordination is maintained between the two countries for increasing joint investments.

She expounded reform measures adopted by Egypt for creating a suitable investment atmosphere, pointing out that are several investment opportunities for Saudi businessmen in various domains.

Meanwhile, the Saudi delegates lauded the reform measures adopted by the Egyptian government.

Saudi Arabia comes second on the list of countries investing in Egypt at a total value of around 6.3 billion dollars.