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Within Days, Egypt and Saudi Arabia Discuss Package of Major Investment Projects

Source: www.export-egypt.com 12/12/2015, Location: Africa

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The PM stressed on the deep bilateral relations between Egypt and Saudi Arabia, indicating that the release of the Coordinating Council of the Saudi Egyptian reflects the two countries were keen to support those bilateral relations to achieve the aspirations of the two leaderships, and serves the common interests of the two peoples and the two brothers.

This came after his meeting today with Dr. Nasr Charm, the minister for international cooperation, where the minister briefed the prime minister on the results of the meeting held today and included representatives of the ministries concerned with the implementation of the terms of the Cairo Declaration, electricity, finance and international cooperation, housing, agriculture, education, transportation and oil and manpower, culture, to prepare for the second meeting of the Egyptian and Saudi coordination scheduled to be held in Cairo this week.

The minister of international cooperation held a meeting to review thebsteps had been taken from the Egyptian side, to implement what has been agreed upon with the Saudi side, on the joint cooperation deals, and memoranda of understanding and projects which will be implemented within the framework of the Cairo Declaration, signed between each of Mr. President Abdul Fattah Al-sisi, President of the Arab Republic of Egypt and His Highness Prince Mohamed Bin Salman crown prince crown the second deputy prime minister and defense minister in the Kingdom of Saudi Arabia.

The minister added that the meeting also witnessed the agreement to complete the preparation of a number of projects and memoranda of understanding for inclusion on the agenda of the second meeting, in several areas receive attention from the Saudi side to participate and investment, including the investment in the energy sector, housing, tourism and cooperation in the field of education, radio and television and cultural cooperation, agricultural taxes and the peaceful uses of nuclear energy and maritime transport and ports, where was one of the most prominent projects in the field of electricity in the area of tourism draft the head of the church in the city of Sharm el-Sheikh and the draft along the city of Sharm el-Sheikh, in the area of transport draft port of Sharm el-Sheikh, in the area of education, the establishment of schools of excellence.

It is worth mentioning that this comes within the framework of supporting cooperation between the Arab Republic of Egypt and Saudi Arabia, as a complement to the Cairo Declaration, and the preparation of the second meeting of the Egyptian and Saudi coordination scheduled to be held in Cairo this week, headed by PM Sherif Ismail and His Highness Prince Mohamed Bin Salman crown prince crown the second deputy prime minister and defense minister in the Kingdom of Saudi Arabia.

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