El-Sisi, Bin Salman pen formation of Egyptian-Saudi Supreme Coordination Council
Updated 10/16/2024 8:34:00 AM
Arab Finance: Egypt and Saudi Arabia have sealed the formation of the Egyptian-Saudi Supreme Coordination Council, as per a presidential statement.
The council will be co-chaired by President Abdel Fattah El-Sisi and the Saudi Crown Prince Mohammed Bin Salman.
During a meeting on October 15th in Cairo, both leaders also signed an agreement to encourage and protect mutual investments between the two countries.
Moreover, they discussed ongoing efforts to develop the Egyptian-Saudi economic partnership, especially in the fields of investment and trade, along with economic integration in the sectors of energy, transportation, and tourism.
The meeting also tackled boosting ties and other issues of common interest, in addition to the ongoing regional issues, with a focus on the security of the Red Sea region.
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