Egypt, Saudi Arabia sign 14 agreements with $7.7 billion

Egypt and Saudi Arabia planned to sign 14 agreements with $7.7 billion, according to Minister of Commerce of Saudi Arabia Majid bin Abdullah al-Qasabi’s statement on Tuesday. This came within the two-day visit of the Saudi Crown Prince, Mohammed bin Salman on Monday.

The signing ceremony is attended by Majid Al-Qasabi, Minister of Commerce of Saudi Arabia, Hala Al-Saeed, Minister of Planning of Egypt, Mohammed Shakir, Minister of Electricity and Adviser Mohammed Abdel-Wahab, President of the Investment Authority, Abraham Al-Arabi, President of the Federation of Egypt, and many other officials from both countries.

President Abdel Fattah al-Sisi welcomed Crown Prince Mohammed bin Salman bin Abdulaziz at Cairo airport, according to the statement of Ambassador Bassam Rady, a spokesman for the presidency of Egypt yesterday. Bassam Rady also that the visit is expected to include holding bilateral talks with President Sisi, which will discuss the totality of bilateral relations between the two brotherly countries, ways to strengthen them in various sectors, as well as discussing regional and international political issues of mutual interest.

This comes within the deep and historical strategic partnership between Cairo and Riyadh, which aims to achieve security, stability, development and peace.