H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development and International Cooperation, receives the Ambassador of the Kingdom of Saudi Arabia to discuss ways to strengthen economic relations between the two countries
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19 August 2024
H.E. Dr. Rania A. Al-Mashat, Minister of
Planning, Economic Development and International Cooperation, received H.E.
Ambassador Saleh bin Eid Al-Hussaini, Ambassador of the Kingdom of Saudi Arabia
to the Arab Republic of Egypt, to discuss ways to strengthen economic relations
between the two countries and unlock new horizons within the framework of the
priorities of the Egyptian government.
During the meeting, Al-Mashat pointed out the
extent of the historical and close relations that link Egypt and Saudi Arabia,
both at the level of the two leaderships or the two countries, stressing
Egypt's commitment to develop the framework of cooperation in various fields.
H.E. pointed out the Egyptian government is
keen to develop the investment environment and make way for the domestic and
foreign private sector, which would increase investments, as empowering the
private sector is a driver towards achieving sustainable growth in various
sectors, and it also enhances the creation of job opportunities.
Al-Mashat thanked the Kingdom of Saudi Arabia,
represented by the Saudi Fund for Development (SFD), for its distinguished role
in supporting and financing development projects in Egypt in line with the
Egyptian Government's development efforts and Egypt Vision 2030.
The Minister pointed out the role played by
the Ministry of Planning, Economic Development and International Cooperation in
developing economic cooperation relations with multilateral and bilateral
development partners, mapping development financing with the SDGs, and the
importance of international partnerships to achieve a sustainable economy based
on enhancing the efficiency of resource use and building multilateral and
bilateral partnerships.
Regarding the current cooperation portfolio
with the Saudi Fund, H.E. Dr. Rania Al-Mashat pointed out the diversity of the
cooperation portfolio with the SFD, and the diversity of projects that have
been financed in various fields of development, including health, education,
supply, irrigation, electricity, transportation, roads and bridges,
agriculture, and housing, explaining that the Fund’s projects currently being
implemented in the Arab Republic of Egypt are represented by ( Residential
complexes and King Salman University projects (first phase - second phase) within
the framework of the Sinai Peninsula Development Program - inauguration of
horizontal silos for grain storage - development of Qasr Al-Aini Hospital -
implementation of irrigation and drainage pumping stations - project to
establish and equip basic healthcare units.)