Saudi Arabia
Official spokesman for the Cabinet Mohamed Al-Homsany stated that the visit aims to strengthen Egyptian-Saudi cooperation, address regional issues, and reflect the strong strategic ties between Cairo and Riyadh.
Rabie confirmed that Egypt is implementing an integrated strategy to encourage yacht tourism in the Suez Canal.
President Abdel Fatah El Sisi received Sunday the Saudi Minister of Interior, Prince Abdel Aziz Bin Saud Bin Nayef Bin Abdel Aziz.
Jordan, Iraq, Saudi Arabia, the Gulf Cooperation Council (GCC) and the Palestinian Presidency condemned Tuesday the allegations made by Israeli Prime Minister Benjamin Netanyahu against Egypt.
President Abdel Fattah El-Sisi received a Sunday phone call from Saudi Crown Prince Mohammed bin Salman, where they discussed means to prevent a regional war.
Egyptian Foreign Minister Badr Abdel Aati made remarks to Al-Qahera News TV channel to
Additionally, Abdelatty underscored the significant role of Egyptian investors in Saudi Arabia as key contributors to enhancing economic and investment cooperation between the two countries.
The Egyptian Minister discussed potential areas for enhanced economic integration, including maritime transport, port connectivity, new city development, urban planning, special and free economic zones, the industrial sector, and technology localization.
Minister Abdelatty also expressed Egypt's eagerness to resume the political consultation mechanism between the two countries at the foreign ministers' level and to restart periodic meetings at the senior officials' level to discuss regional issues of mutual interest.
Emphasizing the pivotal role of this pact, the Prime Minister underlined how it would fortify the existing cooperation frameworks between Egypt and Saudi Arabia, fostering a surge in mutual investments.
However, the overall merchandise trade volume between Egypt and Saudi Arabia decreased by approximately 8.5 percent during the first half of this year, amounting to $2.6 billion.
GAFI is committed to facilitating Saudi investments, explained GAFI CEO Hossam Heiba, noting that the number of Egyptian companies operating in Saudi Arabia reached around 4,000
Both Ministers also touched on the serious and persistent efforts made by Cairo and Riyadh to resolve the Sudanese crisis and stop the ongoing conflict there with the aim of preserving the unity and sovereignty of brotherly Sudan, through joint work to cease fire and provide humanitarian aid.
Madbouly reiterated Egypt's commitment to overseeing and streamlining processes related to Saudi investments, aiming to attract a greater influx of new investments.
The discussions centered on expanding bilateral relations and bolstering partnerships, particularly in key sectors identified as priorities by Egypt
The primary objective of this project is to establish a collaborative energy exchange system that takes advantage of the differing peak times and increased loads in both countries.
The project is implemented by a consortium of three global companies.
The project aims to establish a maximum capacity of 3,000 megawatts, which is expected to be achieved by early 2026.
The project agreement with the Egyptian Electricity Transmission Company spans 25 years and involves a total investment cost of SR 611 million.
Egypt’s Flag carrier EgyptAir, will begin its air bridge Wednesday to transport the pilgrims after the end of the Hajj rituals from the Holy Lands to Egypt.
Most Read
