World Courant
Egyptian Prime Minister Mostafa Madbouly started his go to to the Saudi capital Riyadh on Sunday with a gathering with Saudi Funding Minister Khaled al-Falih. Based on the Saudi Press Company, they mentioned plenty of funding matters of mutual curiosity.
The Saudi Funding Minister praised the Egyptian authorities’s efforts to resolve the issues of Saudi traders working in Egypt, saying: “Because the Ministry of Funding, we carried out a census of Saudi investments overseas, and we discovered that Egypt is among the many high 5 nations with Saudi investments outdoors its borders. Due to this fact, one among my duties is to assist Saudi traders and supply them with safety, particularly in brotherly nations like Egypt.”
He indicated that there’s a tendency on the Saudi aspect to transform deposits into investments by way of the Public Funding Fund (PIF), particularly given the fund’s constructive funding expertise in Egypt on plenty of initiatives.
After the assembly ended, the Saudi Funding Minister confirmed that preparations have been made for plenty of future conferences. for the prime minister and his accompanying delegation with plenty of Saudi traders.
Saudi Arabia to transform Egyptian deposits into investments
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