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Saudi Arabia Invests Millions of Rials in 32 New Projects in Egypt


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The Saudi newspaper Okaz published a report on the historical relations between Egypt and Saudi Arabia “from cooperation to partnership” in the light of recent important developments.

Okaz added that the Kingdom of Saudi Arabia contributes to strengthening Egypt’s development efforts through the support it provides through the Saudi Development Fund in the amount of 8846.61 million rials for 32 projects in vital development and financing sectors.

In a report entitled “Saudi-Egyptian relations… from cooperation to partnership,” the Saudi newspaper shed light on the strategic cooperation and ongoing coordination between Cairo and Riyadh on issues of mutual interest in the regional and international arenas.

In its report, the newspaper notes: “These relations are characterized by regular mutual visits of the leaders of the two countries, as well as visits of a military, security and economic nature, aimed at exchanging views of interest to Riyadh and Cairo, which contributed to the advancement of bilateral relations between the two countries to the stage of partnership” .

She explained that relations between Egypt and Saudi Arabia are characterized by a strong strategic partnership through the establishment of the Saudi-Egyptian Coordinating Council, as well as mutual agreements, protocols and memorandums of understanding between government agencies of the two countries.

She pointed out that this level of strategic cooperation was achieved with the support and leadership of the leaders of the two countries, in particular President Abdel Fattah El-Sisi, King Salman bin Abdulaziz, Custodian of the Two Holy Mosques, and Prince Mohammed bin Salman, Crown Prince and Prime Minister Saudi Arabia.

The report further states: “The Kingdom and Egypt enjoy weight, strength and influence at the Arab, Islamic and international levels, which raises the level and desire of the two countries for coordination and constant political consultations between them, discussing all regional and international in the face of common challenges, and also serve the interests of the Arab and Islamic nations, as well as international peace and security.”

Source: “Okaz”

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