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Egypt and Saudi Arabia Explore Opportunities to Strengthen Economic and Development Partnership

Egypt and Saudi Arabia Explore Opportunities to Strengthen Economic and Development Partnership

Egypt's Minister of Planning and Economic Development, Dr. Ahmed Rustum, discussed with his Saudi counterpart, Faisal bin Fadil Al-Ibrahim, ways to strengthen economic cooperation between Egypt and Saudi Arabia. The Egyptian side emphasized that Saudi Arabia is one of Egypt’s largest trade partners and noted a growing number of joint investments that contribute to supporting development efforts and economic stability in the region. The meeting covered cooperation in economic planning, implementing joint projects, and developing partnerships in line with the developmental priorities of both countries. The Saudi side also invited Egypt to participate in important events such as the Expo 2030 Forum in Riyadh. Furthermore, both parties discussed opportunities for collaboration in strategic sectors like mining to enhance economic competitiveness and increase exports. The overall aim of the meeting was to deepen relations and activate the memorandum of understanding between the two countries to promote cooperation in development and investment fields.

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