Saudi Arabia's Minister of Industry and Mineral Resources Strengthens Bilateral Ties with Egypt
Bandar Alkhorayef's Visit Explores Cooperation in Industry and Mining Sectors for Economic Growth
Saudi Arabia's Minister of Industry and Mineral Resources Bandar Alkhorayef began an official visit to Egypt on Saturday to discuss bilateral relations and explore opportunities to enhance cooperation in the industry and mining sectors, according to the Saudi Press Agency.
Alkhorayef is accompanied by Deputy Minister of Industry and Mineral Resources Osama Al-Zamil and will meet with various government officials and investors in the industrial and mining sectors from both countries.
He will also conduct field visits to multiple companies and factories.
This visit is part of Saudi Arabia's efforts to bolster the role of the industrial and mining sectors in the national economy and attract investors from around the world.
Alkhorayef's trip will also look to review investment opportunities and highlight the Kingdom's initiatives to develop the two sectors.
In 2021, the volume of Saudi non-oil exports to Egypt exceeded SR11 billion ($2.9 billion), while imports totalled SR10 billion.
The Kingdom's primary exports to Egypt included petrochemicals, building materials, and medicines, while key imports consisted of food products, heavy machinery, and electronics.