Saudi Arabia and Egypt are capable of building an integrated investment system that benefits from each country’s relative advantages, creating real value beyond investors that reflects on sustainable development and the stability of the entire region. This was emphasized by Ibrahim Al-Mubarak, the Assistant Minister of Investment, during the Saudi-Egyptian Investment Forum in Cairo.
Al-Mubarak highlighted the deep-rooted historical ties between the two countries, founded on brotherhood and understanding, evolving into an advanced model of Arab cooperation. He noted that the economic diversity and investment strength represented at the forum clearly demonstrate a sincere desire to deepen mutual cooperation and expand partnership opportunities in all fields.
The economic partnership between Saudi Arabia and Egypt has strengthened through the signing of an investment encouragement and protection agreement during the visit of Crown Prince Mohammed bin Salman to Egypt in October last year. This agreement reflects the strategic depth between the two nations, with bilateral trade reaching over SAR 61.1 billion in 2024, a 29% increase from 2023.
Al-Mubarak underlined the importance of the Saudi-Egyptian Business Council as a platform for enhancing business understanding, accelerating joint projects, and turning aspirations into tangible reality. He emphasized the pivotal role of the private sector in driving development, encouraging partnerships to elevate economic and investment relations to new heights aligned with the aspirations of both countries.
The ongoing challenges both regionally and internationally present new opportunities for smart integration and cooperation that must be seized to enhance global competitiveness. Through collaborative solutions and innovative financing tools, both Saudi Arabia and Egypt can turn challenges into gains, positioning themselves strategically in the global market.
In conclusion, Al-Mubarak reiterated Saudi Arabia’s commitment to remain a strategic investment partner for Egypt, determined to develop this relationship further by incorporating new sectors, innovative financing mechanisms, and flexible and sustainable cooperation models. He invited the business communities in both countries to seize opportunities, build real partnerships, and actively contribute to shaping a common future that embodies the ambitions of the leadership in Saudi Arabia and Egypt.
