Prime Minister Mostafa Madbouli met with key Saudi investors in Riyadh, a gathering organized by the Federation of Saudi Chambers of Commerce and attended by high-ranking officials from Egypt and Saudi Arabia.
Madbouli highlighted the increase in Egyptian companies investing in Saudi Arabia, now totaling 5,700. He also noted that 75 percent of disputes involving Saudi investors in Egypt had been resolved, with the remaining 14 issues expected to be settled by the end of the year.
The prime minister emphasized the Egyptian government’s commitment to enhancing the investment environment. Key efforts include logistical support, streamlined paperwork, reduced bureaucracy, and incentives, particularly in manufacturing, agriculture, tourism, real estate, and renewable energy.
Madbouli also mentioned monetary policy reforms that stabilized foreign currency exchange rates and announced an impending agreement to protect mutual investments between the two countries.