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Gulf Press > Gulf > Saudi Arabia > Al-Falih Discusses Increasing Investment Relations with Egyptian Ministers
Saudi Arabia

Al-Falih Discusses Increasing Investment Relations with Egyptian Ministers

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Last updated: 2024/08/01 at 9:54 PM
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Egypt’s Deputy Prime Minister for Human Development and Minister of Health, Dr. Khaled Abdel Ghaffar, recently met with Saudi Minister of Investment, Eng. Khaled Al-Falih, in El Alamein City. The meeting, which was also attended by Saudi Ambassador to Egypt Saleh Al-Hussaini, focused on expanding cooperation and enhancing investment opportunities in the health sector. During the discussions, the two officials highlighted the strong historical relations between Egypt and Saudi Arabia and expressed their desire to attract Saudi investments in various aspects of human health, including pharmaceutical industries, complementary industries, and raw materials.

The meeting in El Alamein City also included discussions with Egypt’s Minister of Planning, Economic Development, and International Cooperation, Dr. Rania Al-Mashat. The officials emphasized the importance of increasing investment between the two countries, both at the government and private sector levels. By working together, Egypt and Saudi Arabia aim to achieve their development goals through profitable investments in various fields, particularly in the health sector.

One of the key points of discussion during the meeting was the strategic geographical location of both countries, which makes them ideal gateways for attracting investments in the health sector from Asia, Africa, and the Eastern Mediterranean region. By leveraging this advantage, Egypt and Saudi Arabia can facilitate the flow of investments in areas such as pharmaceutical manufacturing, related industries, and essential raw materials. This cooperation is vital for promoting economic growth and advancing healthcare infrastructure in both countries.

Dr. Khaled Abdel Ghaffar, the Egyptian Deputy Prime Minister, emphasized the importance of strengthening ties between Egypt and Saudi Arabia to foster mutual development and prosperity. By enhancing cooperation in the health sector, the two countries can leverage their respective strengths to create a robust investment environment that benefits both economies. This collaboration also serves to deepen the historical bonds between Egypt and Saudi Arabia, paving the way for further partnerships in various fields of mutual interest.

Eng. Khaled Al-Falih, the Saudi Minister of Investment, highlighted the ongoing efforts to boost investment between Egypt and Saudi Arabia, underscoring the shared commitment to achieving sustainable development goals. By promoting profitable investments in the health sector and beyond, the two countries can unlock new opportunities for economic growth and job creation. Al-Falih’s official visit to Egypt serves as a testament to the strong and enduring partnership between the two nations, paving the way for closer collaboration in the future.

In conclusion, the meeting between Egyptian and Saudi officials in El Alamein City underscores the shared commitment of both countries to enhancing cooperation and promoting investment in the health sector. By leveraging their strategic geographic locations and historical ties, Egypt and Saudi Arabia aim to attract investments in key areas such as pharmaceutical manufacturing and related industries. Through ongoing collaboration and partnership, the two countries can create a thriving investment environment that benefits the economy and advances healthcare infrastructure for the well-being of their citizens.

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News Room August 1, 2024
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