Egypt, Saudi Arabia discuss joint collaboration

Egyptian Prime Minister, Mostafa Madbouly, convened a meeting with Saudi officials to discuss ways in which Saudi Arabia's investments in Egypt could be increased. The official spokesman for the Egyptian Cabinet, Mohamed El-Homsani, stated that “the ongoing negotiations between relevant ministers and officials from both countries are in progress to explore opportunities for expanding collaborative efforts across diverse economic sectors.” In November 2023, Fayez Alharbi, the Second Vice Chairman of the Federation of Saudi Chambers, expressed Saudi Arabia's goal of increasing bilateral trade with Egypt to reach a target of $100 billion.