A Saudi flag flutters atop Saudi Arabia's consulate in Istanbul, Turkey, October 4, 2018. REUTERS/Osman Orsal A Saudi flag flutters atop Saudi Arabia's consulate in Istanbul, Turkey, October 4, 2018. REUTERS/Osman Orsal

Egypt, Saudi Arabia agree on information accessibility for boosting coop.

By: MENA
Thu, Sep. 19, 2019
CAIRO - 19 September 2019: A delegation of the Federation of Egyptian Industries (FEI), under its Chairman Mohamed el Sweedy, and Saudi businessmen agreed that providing access to information between the Saudi and Egyptian sides is an essential and vital issue for giving impetus to cooperation between the business communities in both countries.

This came during a meeting hosted by Chairman of the Council of Saudi Chambers (CSC) Sami bin Abdullah al Obaidi at the premises of the council in Riyadh.

During the meeting, the attendees reached an agreement under which the Egyptian side will provide the Saudi one with all updates regarding legislation and measures governing the environment of business and investment in Egypt, the FEI said in a statement issued on Thursday.

Also, Egypt will exchange with Saudi Arabia lists of commodities required by their local markets and work together to maximize the added value of goods and promote manufacturing in Egypt.

Meanwhile, the Egyptian side called on its Saudi counterpart to post it on the available investment opportunities in the kingdom.

The Egyptian delegation will wrap up, later in the day, its visit to Saudi Arabia after visiting a number of factories operating in various fields, in tandem with the Saudi Authority for Industrial Cities and Technology Zones.
 
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