Saudi Arabian private sector’s investments in Egyptian markets hit $35bln

Reuters

During a press conference hosted by Egypt’s Trade and Industry Ministry, the Saudi Minister of Commerce Majid Al Qasabi revealed

Staff Writer, Arab Finance

November 20, 2023

PHOTO

The Saudi Arabian private sector’s investments in Egypt amount to $35 billion, Chairman of the Saudi-Egyptian Business Council Badr Al-Amiri told Asharq Business.

He added that the volume of trade exchange with Egypt exceeded SAR 60 billion (EGP 492.32 billion) during 2023.

During a press conference hosted by Egypt’s Trade and Industry Ministry, the Saudi Minister of Commerce Majid Al Qasabi revealed that Egypt and Saudi Arabia agreed to hold a Saudi-Egyptian forum in the near future to market investment opportunities in the two countries.

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