These remarks were made by Osama bin Al Naqli, the Saudi Ambassador in Cairo, during Monday’s meeting.
Maait noted that the state has implemented a wide range in constitutional and legislative restructuring. This has already included modernizing the customs system and duty system to meet international standards, ease business services, and attract investments to the various sectors.
He said that the state is keen to open new investment horizons for Saudi investors.
In the meantime, the Saudi diplomat stated that his government was determined to increase the volume of Saudi investments into Egypt due to the promising investment opportunities provided by the Egyptian government.
El Naqli stated that the Saudi Public Investment Fund was looking for new investment opportunities in Egypt, and other sisterly Arab states, with the aim to strengthen economic ties.
Both sides affirmed the strength and depth of strategic ties that bind the two countries, as well as the determination of the leaders to push them forward in the best interests for both peoples.
The meeting was attended by Hossam Hussein, Finance Minister and Adviser for Foreign Affairs, and Nesereen Lashin, Head of the Investors Support Unit.