$30 billion Saudi investments in the Egyptian market

It can be said that the economic and investment partnership between Egypt and Saudi Arabia has received great interest from both parties, This is due to what Egypt enjoys and the services it provides to investors.

The close economic relationship between Egypt and Saudi Arabia reached the point of launching the Saudi Egyptian Investment Company, which was announced last August.

It should be noted that Egypt has strong potential in the areas of healthcare, pharmaceuticals, agri-food, retail, financial services, as well as fund and infrastructure investments.

The volume of trade exchange between Egypt and Saudi Arabia

The volume of trade exchange between the Kingdom and Egypt during the period 2016-2021 amounted to 48 billion dollars, and the volume of the Kingdom's non-oil exports to Egypt in 2021 amounted to 1.9 billion dollars, a growth of 7%.

 $30 billion investment  

The investments of Saudi companies in Egypt exceed $30 billion, while there are 6,285 Saudi companies in Egypt, as well as 574 Egyptian companies in the Kingdom's markets.

The Minister of Petroleum and Mineral Resources, Eng Tarek El Molla, received the Executive Director of the Saudi Arabian Petroleum Products Trading Company (APSCO) Mohammed Ali Reda and his accompanying delegation.

The company's plans were discussed after agreeing to enter the Egyptian market and provide its specialized services in aircraft refueling in addition to trading lubricants.  Lubrication in light of its strong desire to pump investments in this field in Egypt, first at Cairo International Airport and then the rest of the Egyptian airports.

The meeting witnessed a review of the activities of the Saudi company, which carries out aircraft catering activity in more than 40 airports, whether in the Kingdom of Saudi Arabia or in the Middle East and Africa regions.  The company is in Egypt during the coming period and plans to expand its activities globally in cooperation with Misr Petroleum Company.

5 regional companies

His Highness, Crown Prince Mohammed bin Salman, announced that the Public Investment Fund had established "five" regional companies aimed at investing in: the Hashemite Kingdom of Jordan, the Kingdom of Bahrain, the Republic of Sudan, the Republic of Iraq, and the Sultanate of Oman, after the launch of the Saudi-Egyptian company.  to invest last August;  The targeted investments will amount to 90 billion riyals (24 billion US dollars) in investment opportunities across various sectors.