Written by Hind Mukhtar. Photo by Suleiman Al-Atifi
Sunday, June 04, 2023 04:43 PM
– Egyptian Minister of Industry: Agreement on integration in the food and drug security industries and promotion of exports to African markets
– Discussions between the Egyptian and Saudi Ministries of Industry included the need to benefit from the natural and mineral resources available in both countries and to enhance the added manufacturing value of these resources.
A delegation of businessmen from the two countries meets to discuss joint cooperation opportunities
– The Saudi ambassador praises the efforts of the “permanent unit to solve investors’ problems in the Council of Ministers” in solving Saudi investment problems
Dr. Mostafa Madbouly received today, at the government headquarters in the New Administrative Capital, Bandar bin Ibrahim Al-Khorayef, the Saudi Minister of Industry and Mineral Resources, and his accompanying delegation, where they discussed ways to enhance cooperation and integration between Egypt and Saudi Arabia in the industry file.
The meeting was attended by the Egyptian side, Engineer Ahmed Samir, Minister of Trade and Industry, while the Saudi side was attended by: Ambassador Osama Nuqli, Ambassador of the Kingdom of Saudi Arabia to Egypt, Engineer Osama Al Zamil, Deputy Minister of Industry and Mineral Resources, and Engineer Khalil bin Salama, Chief Executive Officer. The National Center for Industrial Development, and Abdul Rahman Al-Thukair, CEO of the Saudi Export Development Authority, and Abdulaziz Al-Ahmadi, Undersecretary of the Ministry of Industry for Strategies and Industrial Sectors, and Eng. Abdul Rahman Al-Muqirn, Director General of Organizations and International Cooperation.
The Prime Minister started the meeting by welcoming the Saudi Minister of Industry and Mineral Resources, Ambassador Osama Nuqli and the accompanying delegation.
Dr. Mostafa Madbouly affirmed the durability and strength of the Egyptian-Saudi relations, noting that great efforts are being made during this stage to strengthen these relations, saying: “We have common relations, and we are united by bonds of brotherhood, integration and Arab national security.”
Dr. Mustafa Madbouly asked to convey his greetings and appreciation to His Royal Highness, the Saudi Crown Prince and Prime Minister, Prince Muhammad bin Salman, stressing his pride in the development efforts being made in the Kingdom of Saudi Arabia at this important stage.
The Prime Minister stressed the importance of integration between the two countries, pointing to the enormous potentials and human resources that the two countries possess, adding that Egypt is a very large market, and at the same time it is a gateway to the continent of Africa.
He added: Hence the importance of having an agreement between the two countries that enables the private sector to achieve integration and partnership in the supply and production chains, stressing that these directions achieve mutual interest for both parties.
Madbouly pointed out that the Egyptian government is adopting the file of deepening industry and maximizing the local component, and there are a number of targeted industries for which a wide range of incentives have been developed, and therefore this is an opportunity to achieve integration, and Saudi investors can benefit from these investment incentives, in a way that enables the two countries to provide Various products for local markets, as well as to serve export purposes.
He added, “During this period, we focus on solving investors’ problems, and the Saudi ambassador to Egypt, Osama Nuqli, is following up with us on these files. Indeed, over the past period, we have taken decisions outside the box, which contributed to solving a number of problems that have been pending for decades, and we are continuing to solve all problems.
He touched on the need for integration between what is being done in the Kingdom of development efforts, and what Egypt has achieved in terms of development at various levels, explaining that this would accelerate the achievement of development goals in the two countries, in a way that achieves the interests of the two peoples.
Meanwhile, Engineer Ahmed Samir, Minister of Trade and Industry, explained that over the past period, we held a number of meetings with our Saudi brothers, and during these meetings, a set of joint work files in the field of industry were agreed upon, the most important of which is industrial integration between the two countries, as well as It has been decided to start exchanging experiences in a number of important industries, such as the automotive industry and the feeding industries.
The minister explained a number of specific industries, which are scheduled to witness more joint cooperation during the next stage, including the food and drug security industries, and the promotion of exports to African markets.
Samir said that the discussions between the Egyptian and Saudi ministries of industry included the need to benefit from the natural and mineral resources available in both countries, and to enhance the added manufacturing value of these resources.
He pointed out that a delegation of businessmen from the two countries will meet to discuss joint cooperation opportunities, and there is an agenda that includes interviews between the delegation and a number of ministers and officials in the Egyptian government.
During the meeting, Bandar bin Ibrahim Al-Khorayef, the Saudi Minister of Industry and Mineral Resources, expressed his happiness with this visit, saying: I convey to you the greetings of His Royal Highness, Crown Prince, Prince Muhammad bin Salman, Prime Minister, who always emphasizes the strength of the distinguished relations between Egypt. and Saudi Arabia.
The Saudi minister thanked the Egyptian state for its support for Saudi Arabia’s bid to host Expo 30, praising Egypt’s development vision “2030”. He also thanked Egypt for its efforts during the “Future of Mining” conference, which has become an important conference dealing with the future and challenges of this sector.
In this context, he added: “We have a clear strategy for the mining sector, and we are working to discover our wealth more, just as we launched at the end of last year 2022 a national strategy for the industry, which is a very ambitious strategy, as it includes the targeted industries to develop, and increase the contribution of these industries to the gross domestic product, And mechanisms for increasing investment opportunities in it, as well as creating more job opportunities, as well as deepening local industrialization.
He continued: We look forward to the existence of integration between Egypt and the Kingdom in a number of priority industries, noting that the industrial strategy identified 12 targeted sectors, explaining these sectors, and the important steps taken by the Kingdom of Saudi Arabia in this regard, and explaining the communication efforts between the two sides with the aim of strengthening cooperation. subscriber to these files.
He explained that the Saudi industry strategy aims to create a competitive and sustainable industrial economy, saying: “We look forward to integration with Egypt in the industries identified by the strategy, which include industries that aim to achieve food and drug security, as well as cooperation for optimal utilization and creation of added value in the petrochemical and mining industries, and the automotive industry.” medical devices, and industries related to renewable energy.
He thanked the Egyptian government for the efforts exerted, which reflect remarkable cooperation with Saudi investors, adding: We see the tremendous efforts made by the Egyptian government to build an industrial base, as well as efforts to facilitate the investment climate, stressing that Saudi investors have a desire and commitment to increase their investments in Egypt, expressing his appreciation Because of the efforts that are being made to overcome all the various obstacles and challenges, and he also listed a number of challenges that are being resolved.
The Saudi minister said: The areas of joint cooperation between us are already being discussed in coordination with the Minister of Industry in sectors related to export, as well as the automobile industry, and everything related to industry inputs.
The Saudi Minister of Industry said: We have a 3-day visit in Egypt, during which we will visit a number of industrial sites, and we will have meetings with the private sector.
The Saudi ambassador to Egypt congratulated the Prime Minister on the occasion of the Egyptian government’s move to its new headquarters in the New Administrative Capital, and thanked the Prime Minister for his efforts in supporting Saudi investors and working to solve their problems, referring to the efforts of Eng. Randa Al-Minshawi, First Assistant to the Prime Minister, and responsible About the permanent unit for solving investors’ problems in the Council of Ministers, which is exerting efforts to coordinate in order to solve many of these problems.
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