Currencies:
RUB/USD 0,0116
0,0002
BRL/USD 0,1792
0,0009
INR/USD 0,1195
0,0001
CNY/USD 0,1366
0,0002
ZAR/USD 0,544
0,0039
Weather:
Moscow 20 °C
Brazilia 26 °C
New Delhi 30 °C
Beijing 24 °C
Pretoria 16 °C
Cairo 33 °C
Tehran 36 °C
Abu Dhabi 38 °C
Menu
Broadcast «Personal trainer»
20 °C
Moscow
26 °C
Brazilia
26 °C
New Delhi
24 °C
Beijing
16 °C
Pretoria
33 °C
Cairo
36 °C
Tehran
38 °C
Abu Dhabi
RUB/USD
0,0116
0,0002
BRL/USD
0,1792
0,0009
INR/USD
0,1195
0,0001
CNY/USD
0,1366
0,0002
ZAR/USD
0,544
0,0039
TV BRICS Apps
Home
News
Videos
Podcasts
Menu
10:30 «Personal trainer»
10:30 «Personal trainer»
Now 16+
10:30

«Personal trainer»

11:00 «BRICSreport»
Next
11:00

«BRICSreport»

16+
11:15

«BRICSterview»

16+
11:45

Documentary film «More precious than gold»

16+
Иконка с часами 14 minutes 2 sec.
Ambassador of Ethiopia to Russia Uriat Cham Ugala/ “Joining BRICS is a growth opportunity for Ethiopia”
Иконка с часами 20 minutes 11 sec.
Douw Vermaak/ «Relations between Russia and South Africa are getting stronger»
Иконка с часами 8 minutes 22 sec.
Anthony Phiri, Harare Institute of Technology/"The world needs to work together to reduce greenhouse gas emissions"
24.07.2417:12 Education
Students from 10 Indian states to join the TV BRICS international teleconference in honour of Pushkin's anniversary
23.07.2417:12 Society
TV BRICS and Ethiopia's leading news agency to jointly promote Africa's agenda in global media space
19.07.2416:45 Society
Khanty-Mansi Autonomous Okrug explores life in BRICS+ countries 
Egypt Saudi Arabia
21.11.23 12:56
Economics

Egyptian and Saudi trade ministers discussed expanding co-operation

Saudi investments in Egypt totalled $6.3bn last year

Egypt's Minister of Trade and Industry, Ahmed Samir, recently held a productive meeting with Saudi Arabia's Minister of Trade, Majed Bin Abdullah Al-Qasabi, in the presence of prominent Saudi investors. This is reported by Daily News Egypt, a partner of TV BRICS.

This discussion aimed at strengthening economic cooperation between the two nations across various trade, industry, and investment sectors. They also addressed the current global economic situation amid ongoing crises and explored topics of mutual interest.

Samir underscored the Egyptian government's unwavering commitment to removing any obstacles hindering Saudi investments in Egypt, with a particular focus on expanding these investments in crucial sectors. He highlighted the government's efforts to streamline investment procedures, promote company formation, and facilitate the allocation of industrial land. The government also aims to provide tax incentives for up to 10 years through the issuance of golden licenses to investors in various sectors.

Furthermore, the minister expressed the state's keenness to enhance industrial integration plans between Egypt and Saudi Arabia to meet the demands of both domestic and Saudi markets, while also pursuing opportunities for regional exports.

Samir emphasized the evolving global economic landscape, which has resulted in the emergence of new markets and the creation of tangible commercial and industrial prospects.

Samir stated that the total trade exchange between the two countries last year was about $5.66 billion, compared to $4.57 billion in 2021, achieving a growth rate of 23.9 per cent.

Saudi Minister of Commerce emphasized the need to explore and enhance collaboration between the business communities of both countries, and to acquaint governments and citizens with these opportunities.

Photo: Daily News Egypt

Short
and to the point
Once a week we will cover news in the BRICS countries
By clicking on the "Subscribe" button, you agree to the processing of personal data

MORE ON THE TOPIC

22.07.2417:12 Economics
Brazil ranks among top 10 countries in cobalt reserves
22.07.2415:30 Economics
Saudi Arabia reaches record 60,000 metric tonnes of mango production
21.07.2413:30 Economics
Egypt and the UAE promote mutual agricultural investment programme
19.07.2418:15 Economics
South Africa allocates US$131 million for small business development
19.07.2414:17 Economics
Iran's economy to grow by 3.3 per cent in 2024
19.07.2413:30 Economics
The Indian Natural Farming System initiative begins in India
Short
and to the point
Once a week we will cover news in the BRICS countries
By clicking on the "Subscribe" button, you agree to the processing of personal data