EABA cooperates with Saudi-Egyptian Business Council

Dr. Yousry Al-Sharqawi, Chairman of the Egyptian African Businessmen Association signed a cooperation agreement with the Chairman of the Saudi-Egyptian Business Council, Bandar Al-Amiri. 

This occurred during the activities of the Saudi Arab African Economic Conference, in presence of the Saudi Minister of Finance, and the Egyptian Minister of Finance, Dr. Mohamad Maait. 

The agreement generally seeks to unify efforts, visions, activities, databases, and joint studies between the Egyptian private sector in the African file and the Saudi private sector, which is strongly moving towards work, trade, and investment in the continent of Africa. 

Al-Sharqawi expressed his hope that of implementing a plan with the Saudi-Egyptian Business Council to expand cooperation and joint work on the African continent, whether in food security, energy, infrastructure, or digital. 

He also said, “We know well, after extensive efforts on the continent that lasted three years straight, the list of challenges and how to gradually overcome them, especially now that our relationship with African countries has become much better in terms of investment and trade and what we have paved for in all our previous work,” and this is one of the determinants of understanding the needs of African markets. 

According to Al-Sharqawi, this crucial stage in the life and history of the global economy requires paying attention to the fact that the world knows Africa as a safe haven and a solution to many crises.

He also said that reaching this solution is not paved with roses, and achieving results with African dealings will require patience, effort, and hard work.

New convictions and an effective banking system are required, whether for Egyptian or Saudi banks. 

He further stated that we fully believe that the coming successes and overcoming the crises will come through complementarity and not competitiveness in its superficial sense. 

“These new methodologies will ensure that we achieve our common goals in a guaranteed manner, and that the complementarity of the private sector and Egyptian and Saudi civil society has the ability to succeed in the African file, especially since both countries have business that has already begun.”, he continued.