Saudi-Egypt Business Council Plans New Projects in Egypt
The President of the Saudi-Egyptian Business Council, Bandar Al-Amri, announced the imminent launch of new Saudi projects in Egypt before the end of the year, valued at over $10 billion. He clarified that the mutual investment Promotion and Protection Agreement between the two countries is in effect, and that the Egyptian government is cooperating to address the challenges faced by Saudi investors, with direct follow-up from the Egyptian Prime Minister. He also confirmed that the Business Council is planning a visit to Egypt soon to discuss ways to strengthen and increase investments, reflecting the strategic relationship between the two nations.
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