The recent exchange between Prime Minister Mostafa Madbouly and the Saudi Minister of Industry and Mineral Resources demonstrates a clear desire to strengthen bilateral cooperation in the industrial and mining sectors. This meeting between Egypt and Saudi Arabia is of particular importance, both for the investment opportunities it offers and the prospects for economic development it opens up.
The establishment of the Egyptian-Saudi Supreme Coordination Council in October 2024 is a strong signal of the mutual commitment to deepening economic ties between the two countries. By encouraging a significant increase in Saudi investment in Egypt, this partnership aims to stimulate the establishment of new joint projects in the fields of industry and mining.
Egypt is positioning itself as a fertile ground for foreign investment in the industrial sector, offering a range of promising opportunities for Saudi companies. The diversification of Egypt’s trade partnerships, through free trade agreements with various countries and regional blocs, opens new prospects for Saudi businessmen eager to conquer new markets.
The Prime Minister highlighted the particular attractiveness of the oil, gas and petrochemical sectors in Egypt, inviting Saudi investors to explore these promising areas. This invitation is accompanied by a call for cooperation and collaboration, aimed at taking advantage of the complementary expertise of the two countries to promote mutual economic development.
On the Saudi side, the Minister of Industry and Mineral Resources expressed a strong interest in strengthening ties with Egypt. Welcoming the establishment of the Supreme Coordination Council and the signing of a mutual investment protection agreement, he stressed his country’s desire to increase joint investments and promote solid and sustainable economic growth.
This meeting between Egypt and Saudi Arabia is therefore of paramount importance, offering prospects for fruitful cooperation and laying the foundations for a solid and mutually beneficial economic partnership. It demonstrates the willingness of both countries to work closely together to address current economic challenges and create a prosperous and promising future for their citizens.