Friday 18 Oct
A comprehensive meeting was held between Engineer Hassan Al-Khatib, Minister of Investment and International Trade, and Sheikh Abdul Mohsen Al-Hokair, Chairman of Abdul Mohsen Al-Hokair Holding Group, a leading conglomerate in entertainment, hospitality, and hotel projects, and his accompanying delegation.
During the meeting, participants
discussed investment opportunities and the Egyptian market's potential,
reviewed the group's current projects in Egypt, and explored potential future
ventures.
Al-Khatib emphasized the ministry's
commitment to supporting all investors, including Egyptians, Arabs, and
foreigners, particularly Saudi investors. He highlighted the Egyptian market's
attractive investment climate, citing factors such as a skilled workforce,
abundant resources, strategic location, and a large consumer base.
The minister reaffirmed the
government's commitment to strengthening Egyptian-Saudi industrial and
investment cooperation. He noted that Saudi Arabia is a major investor in Egypt
and emphasized the role of the bilateral investment agreement in promoting joint
ventures and regional economic growth.
Sheikh Abdul Mohsen Al-Hokair, Chairman of Abdul Mohsen Al-Hokair Holding Group, praised the Egyptian market's investment potential. He highlighted its large consumer market, robust infrastructure, skilled workforce, and strategic location as key factors attracting Saudi investors. Al-Hokair also emphasized Egypt's role as a gateway to African and Asian markets.
Al-Hokair expressed the group's interest in expanding its service projects in Egypt, focusing on agricultural tourism, health tourism, and entertainment. He emphasized the potential for fruitful Saudi-Egyptian partnerships to serve both domestic markets and export to Africa. He noted the favorable trade agreements in place, such as the Greater Arab Free Trade Area and the African Continental Free Trade Area, which offer preferential market access for joint ventures.
