Saudi Arabia, Egypt sign 14 investment agreements worth over SAR 29 bln

Signing ceremony

A group of Saudi and Egyptian companies and authorities signed 14 investment agreements worth more than SAR 29 billion today, June 21.

The agreements cover renewable energy, financial services, as well as real estate, healthcare and pharmaceutical sectors. Agreements were signed in many other sectors, including agriculture, food, industrial, and information technology.

Minister of Investment Khalid Al-Falih stressed that the ministry's role is to support, stimulate and facilitate the private sector's engagement in the development of economic sectors, remove all obstacles it may encounter, and encourage investments inside the Kingdom and abroad.

The minister spoke during the signing ceremony of investment agreements for the private sector, in cooperation between the Saudi Ministry of Investment and the Egyptian General Authority for Investment and Free Zones (GAFI), on the sidelines of Crown Prince Mohammed bin Salman's visit to Egypt.