Saudi Ambassador to the Arab Republic of Egypt and Permanent Representative of the Kingdom of Saudi Arabia to the Arab League Ahmed bin Abdulaziz Qattan inaugurated here last night Saudi-Egyptian Businessmen Association. The ceremony was attended by Egyptian Minister of Commerce and Industry Mounir Fakhri Abdul-Nour on behalf of the Egyptian Prime Minister Dr. Hazem Al-Beblawi who stressed in his speech the importance of business organizations in strengthening and developing business in Egypt and the Kingdom of Saudi Arabia, increase of joint investments and building of fruitful economic cooperation between the two countries which has been reflected in the volume of trade between them over the recent years to reach around 5 billion dollars, adding that the Kingdom ranked the first largest investor among Arab countries in Egypt . For his part, the Saudi Ambassador said that he will always support the Association in all matters that contribute effectively to supporting investments between the Kingdom of Saudi Arabia and the Arab Republic of Egypt.
