Custodian of the Two Holy Mosques, Egyptian President Witness Signing 21 Agreements, MoU 3 Cairo

  • 2/5/2023
  • 17:28
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11. A Memorandum of Understanding as follows: 1 - Export Development Company with a capital of one billion Egyptian pounds) by Saudi-Egyptian investors. 2 - Training, qualification and recruitment company for Egyptian workers in the Kingdom of Saudi Arabia, especially in the field of medical support services. 3 - A company on search, study, participation and promotion for investment opportunities in Egypt and the establishment of its branches with a capital of one billion Egyptian pounds. 12. Signing minutes of the Egyptian-Saudi Joint Committee. 1 - Announcement of the establishment of Saudi-Egyptian Josour Al-Mahbah Company for the development of Suez Canal Zone by Saudi and Egyptian investors, with a capital of three billion Egyptian pounds. 2 - Announcement of the development of six km of the economic zone to establish a commercial - industrial city with a capital amounts to three billion and 300 million dollars. The signature and declaration of the investment agreements and memorandums of understanding were attended by Princes and Ministers, members of the official delegation accompanying the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud in his current visit to the Arab Republic of Egypt, while attended from the Egyptian side by members from the Egyptian government. --SPA 12:35 LOCAL TIME 09:35 GMT www.spa.gov.sa/w

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