Egyptian Prime Minister Mostafa Madbouly met with a high-level Saudi business delegation at the New Administrative Capital following the Egypt-Saudi Business Forum held in Cairo. The meeting brought together key figures, including Ibrahim Al-Mubarak, CEO of the Saudi Investment Marketing Authority; Saudi Ambassador to Cairo Saleh bin Eid Al-Husseini; and Hassan Al-Huwaizi, Chairperson of the Federation of Saudi Chambers of Commerce and Industry, alongside prominent investors and officials.
Madbouly highlighted the recent bilateral investment protection and promotion agreement as a milestone in Egyptian-Saudi economic relations. Emphasizing Egypt’s commitment to enhancing the investment climate, he announced that “golden license” approvals — offering swift clearance for strategic projects — would be extended to new Saudi ventures. He noted ongoing reforms including streamlined bureaucracy, strengthened infrastructure, and targeted investment incentives.
The discussion focused on opportunities in Egypt’s four priority sectors: industry, agriculture, tourism, and communications. Investment prospects were detailed in areas such as electric vehicles, solar panel production, desalination equipment, and textiles. Saudi officials expressed keen interest in Egypt’s investment landscape, with projections that Saudi investments could reach USD 50 billion in the coming years.
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