Saudi- Egyptian trade cooperation

The Saudi minister of internal trade Osama al-Faqih and the Egyptian minister of supply Hassan Khuder discussed on Saturday in al-Riyadh prospects of economic and trade cooperation and means of encouraging businessmen from the two states to establish joint investment projects and to increase the volume of trade exchange between the two states.

The Egyptian minister arrived on Friday in al-Riyadh to hold talks with several Saudi officials and businessmen aiming at developing cooperation between the two states.

Worthy mentioning that volume of trade exchange between the two countries reached in 2000 some 2212 million Saudi riyals and number of joint investment projects reached 33 in which the invested capital was estimated at 9201.24 million Saudi riyals.