Trade between Egypt and Saudi Arabia reaches US$15.98 billion in 2024

Economic relations between Egypt and Saudi Arabia witnessed significant growth in 2024, with the total volume of trade exchange reaching US$15.98 billion, according to official data released by the Saudi Ministry of Investment.

This figure represents a 29 per cent increase compared to the previous year, as reported by Sada El-Balad, a partner of TV BRICS.

The Kingdom continues to advance its efforts to stimulate investment by developing five new Special Economic Zones, focusing on key non-oil sectors. These zones are dedicated to industries such as cloud computing, logistics, automotive manufacturing, shipbuilding, food production, mining, and pharmaceuticals.

Furthermore, the Saudi officials reported that 7,000 investment licences were granted to Egyptian investors, contributing to the creation of 80,000 job opportunities in Saudi Arabia.

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