Madbouly urges finalization of Egyptian-Saudi investment agreement soon

Updated 8/20/2024 7:42:00 AM
Madbouly urges finalization of Egyptian-Saudi investment agreement soon

Arab Finance: Egyptian Prime Minister Mostafa Madbouly has called for an expedited finalization of the Egyptian-Saudi investment, urging that the agreement’s articles be sealed as soon as possible, as per a statement.

This came during a meeting between Madbouly and other officials to follow up on the ongoing procedures to reach the final form of the agreement, which aims at protecting and promoting investments between the two countries.

The agreement will contribute to luring further investments into sectors of top priority, Cabinet’s Spokesperson Mohamed El-Homosany noted.

It also covers measures related to supporting small and medium-sized enterprises (SMEs) and various fields, ensuring the protection of these investments and achievement of the developmental goals in both Egypt and Saudi Arabia, El-Homosany added.

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