Egypt, Saudi Arabia discuss establishing a joint industrial zone

Egypt and Saudi Arabia have discussed the establishment of a joint industrial zone in Egypt using the industrial-developer system, head of the Ministry of Trade and Industry’s Trade Agreements Sector Amany al-Wassal said.

The two sides held the first meeting of a working group tasked with following up recommendations of the 16th session of the Saudi-Egyptian Joint Committee held in Cairo last week.

The meeting also reviewed legislative reforms in the field of industrial investment in Egypt, Wassal added.

During the meeting, the two sides mulled ways of boosting cooperation in many economic fields, including trade, investment, industry, finance, customs, agriculture, electricity, transport and housing, in addition to some social, cultural, media and other areas.

A logistics area for storing, packaging, processing and exporting dates was also proposed.