logo
Egypt & Saudi Arabia Form Council to Boost Bilateral Cooperation

Egypt & Saudi Arabia Form Council to Boost Bilateral Cooperation

CairoScene12-06-2025
The council will be jointly chaired by President El-Sisi and Saudi Crown Prince and Prime Minister Mohammed bin Salman.
Egyptian President Abdel Fattah El-Sisi has officially approved the formation of the Egyptian-Saudi High Coordination Council, marking a new phase of institutionalised cooperation between Cairo and Riyadh. The move follows Presidential Decree No. 55 of 2025 and reflects the longstanding historical and strategic relations between the two nations.
The council, agreed upon by both governments, will be jointly chaired by President El-Sisi and Saudi Crown Prince and Prime Minister Mohammed bin Salman. It will comprise ministers and senior officials from both sides, representing key sectors relevant to the council's mission.
Each side will appoint a secretary responsible for coordination and implementation, ensuring streamlined communication and execution of council duties. The council's objectives include strengthening bilateral cooperation across a wide range of sectors—political, security, economic, trade, investment, education, health, agriculture, environment, culture, industry, technology, communications, transport, digital cooperation, infrastructure, and energy.
Meetings will be held regularly on a rotating basis between Egypt and Saudi Arabia, with the flexibility to convene extraordinary sessions when needed. Supporting preparatory committees may also be formed to advance the council's work.
The council's framework includes a joint governance mechanism developed by both secretaries, outlining the structure, roles, and coordination protocols. This will be subject to approval by the two heads of state, ensuring strategic alignment and operational clarity.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

SCZone Delegation Taps Chinese Manufacturers to Boost Local Industry
SCZone Delegation Taps Chinese Manufacturers to Boost Local Industry

See - Sada Elbalad

timean hour ago

  • See - Sada Elbalad

SCZone Delegation Taps Chinese Manufacturers to Boost Local Industry

Taarek Refaat A high-level delegation from Egypt's General Authority for the Suez Canal Economic Zone (SCZONE), led by Chairman Waleid Gamal El-Dien, continued its investment promotion tour across China by visiting Zhejiang Province to deepen industrial cooperation, particularly in the automotive and green energy sectors. This initiative aims to localize key manufacturing industries in Egypt, increase export capacity, and support the country's strategy to become a hub for electric vehicle and renewable energy production. The delegation kicked off the third day of the tour in Ninghai, where they visited the headquarters of KIBING Group, the world's second-largest producer of flat glass and the third-largest manufacturer of solar panel glass. Gamal El-Dien revealed that KIBING is set to establish the region's largest solar glass factory in the Ain Sokhna Integrated Zone, under SCZONE. The plant will span 800,000 square meters, with an expected investment of $685 million, creating up to 3,000 direct jobs upon full operation. Approximately 80% of the plant's output will be exported, primarily to European and American markets, with the remaining 20% allocated to the domestic Egyptian market, a share that could increase based on local demand. The factory is expected to rely on Egyptian silica sand as a key input, contributing to the localization of the green energy industry. Coordination is underway with national authorities to secure energy and infrastructure needs for the project. The delegation also visited Lynk & Co, an advanced vehicle manufacturing facility operated by Zhejiang Geely Holding in partnership with Sweden's Volvo. The visit focused on understanding cutting-edge automotive production processes and identifying investment requirements such as land, utilities, workforce needs, and technological transfer, core to Egypt's strategy of building a strong local auto industry. Later in the day, the SCZONE team participated in a high-level roundtable organized by the Ningbo Foreign Affairs Office, with participation from senior officials including Yi Qijun, Director General for Europe and Africa Cooperation. The session brought together six of China's leading auto parts manufacturers, including: Joyson (electronics, safety systems, displays), Minth Group (structural components, plastics; operates in the US, Mexico, Japan, Germany), Tuopu Group, Jifeng Co. (seating and interior systems), Ruitai (suspension and steering), Wuhan Auto. Discussions centered on the potential for localizing auto parts manufacturing within SCZONE, viewed as essential for supporting a full-fledged automotive production ecosystem. During the session, Waleid Gamal El-Dien gave a comprehensive presentation highlighting SCZONE's strategic geographic position, integrated industrial-port infrastructure, and access to major global markets through free trade agreements. He emphasized Egypt's long-term goal: to position the country as a regional base for advanced and electric vehicle manufacturing and a critical supplier in global automotive and energy value chains. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks

Egyptian Minister of Petroleum on two-day official visit to Cyprus
Egyptian Minister of Petroleum on two-day official visit to Cyprus

See - Sada Elbalad

time2 hours ago

  • See - Sada Elbalad

Egyptian Minister of Petroleum on two-day official visit to Cyprus

SEENEWS Stock Watch The Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt, Karim Badawi, is paying a two-day visit to Cyprus on July 23 and 24, at the invitation of the Minister of Energy, George Papanastasiou. According to a Ministry of Energy press release, the visit is taking place within the framework of the agreed cooperation between the two Ministries for the close progress monitoring of the deposits development project in block 6 of the EEZ of the Republic of Cyprus, following the signing of the Host Government Agreement (HGA) in Egypt on February 17, 2025. As stated, Badawi is accompanied in Cyprus by a delegation from the Egyptian Ministry of Petroleum and the Egyptian Natural Gas Authority (EGAS). It is noted that during his visit to Cyprus, the Egyptian Minister of Petroleum will also meet with the President of the Republic, Nikos Christodoulides, to discuss the progress of the development of both the "Kronos" and "Aphrodite" fields. It is added that immediately after the meeting with the President of the Republic, the two Ministers and technical teams will meet with representatives of ENI and TotalEnergies to be briefed on the progress of technical and commercial consultations for the development of "Kronos". StockWatch in your inbox! Subscribe to our newsletter now and stay tuned for the most important updates. Write your email Submit The Minister of Energy will also have a separate meeting with senior executives of TotalEnergies to review the progress of the company's research program in the EEZ of the Republic of Cyprus, specifically with the Senior Vice President for the Middle East and North Africa, Julien Pouget, and the Vice President for North Africa, Jean Jeylet, the statement concludes. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks

Egypt's PM Welcomes Global Luxury Brands to Explore Investment Opportunities
Egypt's PM Welcomes Global Luxury Brands to Explore Investment Opportunities

See - Sada Elbalad

time2 hours ago

  • See - Sada Elbalad

Egypt's PM Welcomes Global Luxury Brands to Explore Investment Opportunities

Taarek Refaat Egyptian Prime Minister Mostafa Madbouly met today with representatives of major global luxury brands in New Alamein City, aiming to position Egypt as a regional hub for high-end retail and attract new foreign direct investment in the fashion and lifestyle sector. The high-level meeting included Khaled Abdel Ghaffar, Deputy Prime Minister and Minister of Health, alongside Claudine Caviac and Ibrahim Sami—strategic partners to some of the world's leading luxury fashion houses. Senior officials from Egypt's export, investment, and trade authorities were also in attendance. PM Madbouly welcomed the global brand representatives and emphasized Egypt's strategic market potential, noting a growing domestic appetite for luxury products and the opportunity to enhance retail offerings for international tourists. "Egypt has a vast consumer base. Many Egyptians travel abroad for luxury shopping, and we want to provide those experiences here at home—especially for tourists visiting Egypt," he stated. He highlighted Egypt's recent economic reforms, including foreign exchange liberalization, which have stabilized currency markets and improved the investment environment. The government is actively working to support "shopping tourism" as part of broader economic diversification goals. Minister Abdel Ghaffar stressed the government's commitment to attracting international retail giants and detailed several incentives available to foreign investors. These include tax benefits and trade exemptions under the Euro 1 certificate, allowing goods imported into Egypt from Europe to benefit from reduced customs duties. Claudine Caviac, who has previously visited Egypt for both business and leisure, praised the country's recent development and expressed her optimism about its stability and potential. 'I'm impressed by Egypt's progress. There are clear signs of opportunity here,' she said, noting that she would conduct a detailed feasibility study and present it to leading global luxury brands. Caviac added that the aim would be to recreate a successful, integrated shopping experience for both Egyptians and foreign tourists—making Egypt a compelling destination for high-end retail. Strategic partner Ibrahim Sami echoed that sentiment, expressing strong interest in bringing international fashion investments to Egypt and contributing his expertise to the project. Madbouly concluded the meeting by calling for the development of a concrete action plan to ensure the successful entry of luxury brands into the Egyptian market. He reiterated Egypt's readiness to partner with global retail leaders and support them with infrastructure, regulatory facilitation, and market access. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store