The Federation of Saudi Chambers and the Egyptian Investment Authority organizes the Saudi -Egyptian Business Forum
The Saudi Chambers Union and the Egyptian Investment Authority, in Cairo today, organized the Saudi -Egyptian Business Forum, with the participation of a number of officials of the two countries, and 300 Saudi and Egyptian companies, to discuss the horizons of partnership and economic cooperation.
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& nbsp; The partnership in the industry, real estate development, tourism, economic and free areas. Investment, pioneering to Egypt, noting that the authority granted 7 thousand licenses to Egyptian investments in the Kingdom, while the value of trade exchange between the two countries reached 60 billion riyals in 2024, an increase of 29%.
& nbsp. Motivation at the level of financial, monetary and investment policies, with support for the growth of expatriate investments, especially Saudi investments, which constitute a pillar of sustainable development in Egypt, and a special unit was established In investments
& nbsp; The two countries are a great development in recent years.
& nbsp; Which preserves the rights of investors from the two countries, calling on the Egyptian business community to participate in the activities of encouraging investment in the Kingdom.
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& nbsp; The local, noting the cities of the fourth generation in Egypt, which constitutes an opportunity for local and foreign investment, such as the city of El Alamein and the administrative capital, pointing out of the establishment of a special unit to facilitate the procedures of Saudi real estate investors and developers and offer opportunities.
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& nbsp; An agreement to encourage and protect mutual investments between the two countries, which was approved by the Egyptian Council of Representatives, last month, allowed a wide range of the private sector in the two countries to cooperate to deepen investment cooperation in Egypt and the continent of Africa, especially after President Abdel Fattah El -Sisi launched the African Free Trade Zone Agreement, to cover free trade agreements signed by Egypt about 3 billion from Consumers. The Kingdom, and obtaining a regional and global market share of the most vibrant and promising sectors of the Saudi economy, in addition to the Kingdom’s efforts to simplify the procedures and their number.
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