The Egyptian Minister of Trade and Industry Rashid Mohammed Rashid asserted that the visit of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud to Egypt will give a strong impetus to bilateral relations between the two countries in all fields, especially in light of joint Egyptian-Saudi understanding and coordination at regional and international issues. In a statement today, Rashid said that the bilateral relations between Saudi Arabia and Egypt are prospered in the economic and political fields. He also said that the trade exchange between Egypt and the Kingdom of Saudi Arabia increased by 100 percent during the past two years, adding that the Egyptian government is keen to encourage Egyptian and Saudi investors to invest in both countries. "It was agreed during the Saudi-Egyptian Joint Business Council to set up a company with a 500 million Egyptian Pounds capital to support joint cooperation between the two countries," he said.
