During his visit to Riyadh, Egyptian Prime Minister Mostafa Madbouly held talks with Saudi Minister of Investment Khaled al-Falih. At the heart of the meeting were investment topics of mutual interest to both countries, as reported by the Saudi Press Agency.
The Saudi Minister of Investment praised the efforts made by the Egyptian government to resolve the problems faced by Saudi investors operating in Egypt. He stressed that Egypt is among the five most popular countries for Saudi investors abroad. Thus, his mission is to support these investors and ensure their protection, especially in brotherly countries such as Egypt.
In addition, the meeting discussed the Saudi side’s desire to convert deposits into investments through the Public Investment Fund (PIF), particularly based on the fund’s positive experience in various projects in Egypt. This initiative aims to strengthen economic ties between the two nations and foster an environment conducive to new investments that are beneficial to both parties.
At the end of this fruitful meeting, the Saudi Minister of Investment confirmed the establishment of future meetings between the Egyptian Prime Minister and his delegation and several Saudi investors. This demonstrates the common desire of the two countries to strengthen their economic cooperation and promote a favorable climate for foreign investment.
These exchanges demonstrate the mutual trust between Egypt and Saudi Arabia as well as their determination to strengthen their economic relations in the interest of both peoples. This promising collaboration opens new prospects for investments and strategic partnerships that will contribute to the development and prosperity of both countries.