Minister of Industry and Mineral Resources Bandar Alkhorayef has held talks with Egyptian ministers in Cairo, discussing fostering industry and mining cooperation and attracting investments to strategic industrial opportunities in Saudi Arabia.
Alkhorayef held on Monday separate meetings with Egyptian Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir, Minister of Investment and Foreign Trade Hassan El-Khatib, Minister of Petroleum and Mineral Resources Karim Badawi, and Central Bank of Egypt (CBE) Governor Hassan Abdallah.
During his meeting with the Egyptian industry and transport minister, Alkhorayef emphasized the importance of strengthening collaboration between the two nations to activate agreed industrial integration paths. Alkhorayef highlighted the role of the Saudi Vision 2030 in leading economic transformation and stimulating growth across various sectors. He also underscored the launch of various strategies aimed at creating added value in industry, mining, and exports, alongside many initiatives to streamline the industrial investors’ journey.
In his meeting with the Egyptian investment and foreign trade minister, Alkhorayef explored means of enhancing cooperation with Egypt in investments. They also discussed fostering effective partnerships within the private sector of both countries to leverage available investment opportunities.
Alkhorayef, in his meeting with the Egyptian petroleum and mineral resources minister, underscored Saudi Arabia’s commitment to bolstering bilateral collaboration in the mining and mineral industries sector. He emphasized the Kingdom’s keenness on leveraging the economic strengths of both nations. Alkhorayef extended an invitation for the Egyptian minister to participate in the fourth Future Minerals Forum, to be held in Riyadh in January 2025.
Alkhorayef’s conversation with the CBE governor centered on exploring financing mechanisms and guarantees provided by financial institutions in both countries to enhance trade and offer solutions to investors.The meetings were attended by Industry and Mineral Resources Deputy Minister for Industry Affairs Khalil Ibn Salamah, Saudi EXIM Bank Chief Executive Saad Alkhalb, Saudi Exports Development Authority Chief Executive Abdulrahman Althukair, and Saudi Ambassador to Egypt Saleh Al-Husseini.
