Saudi Arabia’s total investments in Egypt now stand at approximately $25 billion, Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, announced at Cairo’s inaugural Egyptian-Saudi Economic Committee meeting. This landmark figure reflects Saudi Arabia’s strategic commitment to Egypt’s economic transformation. The committee resolved 90% of challenges facing Saudi investors, boosting confidence in the partnership.
Minister El-Khatib highlighted five key pillars guiding the committee’s work, including trade balance enhancement and coordination between Egypt’s Sovereign Fund (TSFE) and Saudi Arabia’s Public Investment Fund (PIF). Recent reports confirm Saudi Arabia is accelerating investments in Egypt’s critical infrastructure projects.
Strategic Infrastructure Expansion
Saudi Arabia committed $1 billion to the Suez Canal Economic Zone expansion, targeting a major logistics hub. Simultaneously, the PIF invested $3.5 billion in Egypt’s Al-Araba power plant to address energy shortages. These projects align with Egypt’s $100 billion New Administrative Capital development plans.
Furthermore, Saudi Arabia and Egypt finalized a new regional payment system to streamline digital trade. The agreement aims to cut transaction times by 40% and boost intra-regional commerce. This digital integration supports Egypt’s National Digital Transformation Strategy launched last year.
The committee focuses on industrial integration across 28 strategic sectors, including manufacturing and agriculture. Saudi Arabia’s PIF now co-leads Egypt’s industrial zones with TSFE, creating 150,000 jobs. Crucially, customs cooperation reforms will cut clearance times by 30%, boosting trade efficiency.
Additionally, Saudi Arabia also pledged $500 million for Egyptian startup incubators through PIF’s venture capital arm. These initiatives directly support Egypt’s Vision 2030 goals for sustainable growth. The partnership continues to deepen despite regional economic challenges.
Future Economic Vision
Saudi Arabia’s investment growth signals strong confidence in Egypt’s economic stability and reform progress. Minister El-Khatib confirmed ongoing negotiations to resolve the remaining 10% of investor issues. This strategic partnership positions Egypt as a central economic hub for the Middle East. Saudi Arabia’s leadership demonstrates its commitment to regional prosperity and stability.
The Economic Committee will meet quarterly to accelerate implementation of these transformative projects. This collaboration sets a powerful precedent for Arab economic unity and shared development.
