‎Saudi Arabia, Egypt signal 14 investment agreements price above SAR 29 bln

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Signing ceremony


A neighborhood of Saudi and Egyptian corporations and authorities signed 14 investment agreements price extra than SAR 29 billion this day, June 21.

The agreements duvet renewable vitality, monetary companies and products, as well to actual estate, healthcare and pharmaceutical sectors. Agreements were signed in many different sectors, along with agriculture, meals, industrial, and data technology.

Minister of Funding Khalid Al-Falih stressed out that the ministry’s role is to toughen, stimulate and facilitate the non-public sector’s engagement in the near of commercial sectors, decide away all obstacles it must also bump into, and lend a hand investments contained in the Kingdom and in a foreign country.

The minister spoke eventually of the signing ceremony of investment agreements for the non-public sector, in cooperation between the Saudi Ministry of Funding and the Egyptian Smartly-liked Authority for Funding and Free Zones (GAFI), on the sidelines of Crown Prince Mohammed bin Salman’s seek the advice of with to Egypt.