Saudi Arabia
On April 13, 2022, Egyptian Foreign Minister Sameh Shoukry met with US Special Envoy for Iran Robert Malley during the former’s official visit to Washington. During the meeting, Shoukry and Malley discussed the situations in the Middle East region, the Egyptian Ministry of Foreign Affairs said in a statement.
His call came during a meeting on Sunday with a delegation of the Saudi Real Estate National Committee headed by Muhammad Abdullah Al Murshid.
The first batch of pilgrims will depart on eight flights from the Cairo International Airport; six flights to Madinah and two flights to Jeddah, the company added.
He noted that the fund is willing to visit Cairo in September to inspect the fund’s projects in Egypt as well as inking a number of partnerships between Egyptian and Saudi companies.
Saudi Investment Minister Khalid Al-Falih said that the agreements signed between Egypt and Saudi Arabia reflect the ‘weight of the two countries as an economic center’ in the Middle East.
The MoU aims to foster joint cooperation, as well as to coordinate financial visions, positions, and policies at the bilateral level and in international forums.
ACWA Power is interested in investing in Egypt in two promising fields: the first is water desalination and producing green hydrogen.
The General Authority for Free Zones and Investment (GAFI) and the Saudi Ministry of Investment collaborated in setting a plan to ensure a long-term flow of Saudi investments into Egypt.
These agreements will support the infrastructure, logistics and technology sectors; which work to develop the capabilities of the Egyptian economy.
This came during his speech on the sidelines of the conference held at the Egyptian Investment Authority, Tuesday, to sign investment agreements for the private sector.
Those are in the sectors of infrastructure, logistics, port management, food industries, pharmaceuticals, traditional energy, renewable energy, e-payment, digital financial and information solutions.
The Egyptian investments in Saudi Arabia amount to $5 billion through more than 802 Egyptian companies.
After the completion of obtaining regulatory approvals and ensuring that the agreed terms are met, this deal will be the first investment by the saudi Al Hokair in one of the Egyptian buy now and pay later (BNPL) platforms.
Egypt’s band Sharmoofers performs a highly successful concert in Jeddah Season
President Abdel Fatah al-Sisi held Sunday a trilateral meeting in Sharm El Sheikh with King Abdullah II of Jordan and King Hamad Bin Eissa Al Khalifa of Bahrain.
Both leaders are expected to tackle a number of regional and international issues, foremost of which is the Iranian nuclear file, efforts to end the war in Yemen, the and repercussions of the Russian-Ukrainian war on the region.
Bin Salman’s tour comes two weeks before US President Joe Biden’s visit to the Saudi kingdom, scheduled on July 15 and 16, following another visit by Biden to Israel on July 14, and 15.
In accordance with the agreement, the Arab Republic of Egypt is committed to providing technical support for available investment projects in the sectors in which the Fund wishes to invest.
The Royal Diwan of Saudi Arabia announced Tuesday that U.S. President Joe Biden would attend on July 16 a summit encompassing the heads of state of Gulf Cooperation Council (GCC) countries, as well as Egypt, Jordan, and Iraq.
Dr. Majid bin Abdullah Al-Qasabi, visited the headquarters of the International Museum of the Prophet's Biography and Islamic Civilization in Madinah.
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