Egyptian and Saudi ministers of trade conclude meetings in Riyadh
The meetings of the Egyptian and Saudi working groups, held between the period of 14 to 16 May, concluded in Riyadh, Saudi Arabia.The Egyptian delegation to Saudi Arabia was headed by Saeed Abdallah, the deputy minister of trade, while the Saudi delegation was headed by Mohamed Al Abd, deputy assistant to the Saudi minister of trade and investment.
The meetings were an implementation of the recommendations that were issued during the meetings of the fifth session of the Egyptian-Saudi committee, which was held in April.
Abdallah said that the meetings held under the sponsorship of both ministers of trade in the two countries mainly looked into ways of cooperation and coordination between them in the fields that serve both countries’ best interests.
Moreover, during the series of meetings, Egypt and Saudi Arabia agreed on the importance of enhancing joint trade and economic cooperation in the field of customs training and exchanging technical and cognitive experiences, as well as facilitating the establishment of trade exhibitions in the two countries.
During the conclusion of the meetings, a date was set to look into activating industrial cooperation between the two parties and ways of increasing Saudi investments in Egypt. Additionally, improvements were discussed for the fields of electricity and civil aviation.
The meetings also included discussing cooperation in the implementation of major petroleum projects between Egyptian and Saudi petroleum companies.