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Egypt, Saudi Arabia finalize investment deal for imminent signing


Egypt, Saudi Arabia finalize investment deal for imminent signing

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.