Today, Tuesday, Saudi Trade Minister Majed Al-Qasabi said that 14 agreements worth $7.7 billion will be signed between Egypt and Saudi Arabia.
The visit of Saudi Crown Prince Mohammed bin Salman to Egypt continues today, Tuesday, as part of his tour that will also include Jordan and Turkey, where he was received yesterday upon his arrival at Cairo Airport by Egyptian President Abdel Fattah El-Sisi.
The visit includes the signing of a number of agreements and the conclusion of deals between the private sector in the two countries, at the headquarters of the General Authority for Investment and Free Zones.
A report on the Federation of Saudi Chambers stated that the Kingdom and Egypt have more than 160 bilateral agreements that support the growth of economic relations. The volume of trade exchange reached about 54 billion riyals in 2021, its highest value in history, achieving a growth of 87% compared to 2020, when it reached The volume of Saudi exports to the Egyptian market is 38.6 billion riyals, and Egyptian imports to the Saudi market are 15.7 billion riyals, with a record growth of 60%.
While the volume of Saudi investments in Egypt amounted to more than 32 billion dollars, through more than 6800 Saudi companies, while the Egyptian investments in Saudi Arabia amounted to 5 billion dollars through more than 802 Egyptian companies.
