Friday 22 Nov
Prime Minister Dr. Moustafa Madbouly emphatically stressed today, Monday, the urgent need to finalize the terms of the Egyptian-Saudi Investment Protection Agreement and sign it as soon as possible
This occurred during a meeting
convened by Madbouly to discuss the articles of the agreement. Engineer Hassan
Al-Khatib, Minister of Investment and Foreign Trade, and officials from
relevant authorities were present.
He emphasized the importance of
finalizing the agreement, given its role in strengthening and expanding
cooperation between Egypt and Saudi Arabia, as well as boosting joint
investments. He outlined the ongoing steps to achieve this.
Counselor Mohammad Al-Homsani,
the official spokesman for the Presidency of the Council of Ministers,
announced that Dr. Madbouly instructed attendees at the meeting to expedite the
finalization of the discussed articles. This would enable the agreement to be
signed as soon as possible.
He added that the government is committed to creating an optimal environment for Saudi investments in Egypt by streamlining procedures. The agreement will be instrumental in attracting more investments, particularly in priority sectors. It also encompasses measures to support small and medium enterprises, among other areas of mutual interest. Ultimately, the goal is to safeguard these investments and achieve shared prosperity for both countries.
