Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Egypt to partner with Saudi Arabia in productive sectors

Egypt to partner with Saudi Arabia in productive sectors

Posted on January 3, 2023   |  

Egypt is going to launch industrial partnerships with Saudi Arabia in several productive sectors to achieve industrial integration between Cairo and Riyadh and strengthen cooperation frameworks.  

On Sunday, the Egyptian minister met with several Saudi officials, including Minister of Industry and Mining Bandar AlKhorayef, Minister of Commerce Dr. Majid Al-Qasabi, Mohammad Abdulaziz, acting governor of the Foreign Trade Authority, Abdul-Rahman bin Sulaiman, Chairman of the Saudi Export Development Authority, and others.  

In 20221, the trade exchange between Egypt and Saudi Arabia grew by 41.3% year-on-year to $4.572 billion compared to $3.236 billion in 2020.

Moreover, Saudi investments in Egypt soared to $6.12 billion in 6,017 projects in the areas of manufacturing, construction, tourism, agriculture, services, finance, telecommunication, and information technology.  



Previous Next