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الوطن
Egypt and Saudi Arabia's Economic Ties
The article discusses the development of economic relations between Egypt and Saudi Arabia, with a focus on trade and investment. Data shows that Saudi investments in Egypt exceeded $37 billion by the end of 2023, with strong indicators in early 2024, including capital movements of $1.5 billion in the first half of the year. Additionally, Egyptian non-oil exports to Saudi Arabia rose to over $2.2 billion, and the volume of bilateral trade increased by 19.7%, reaching $7.1 billion during the first half of 2024, with Egyptian exports to the Saudi market growing by 20.5%. These figures reflect a growing economic partnership and aligned visions between Egypt and Saudi Arabia as part of Vision 2030, suggesting that the future will witness a surge in economic cooperation between the two countries.
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