Rasheed: Egypt, Saudi Arabia agree to multiply trade exchange

"Egypt and Saudi Arabia agreed to multiply the trade exchange," Egypt's Foreign Trade and Industry Minister Rasheed Mohamed Rasheed said yesterday.

In statements following his meeting with members of the Egyptian-Saudi Business Council in Cairo, Rasheed said both parties were committed to implementing the agreements reached during his recent visit to Riyadh, with regard to removing obstacles to inter-trade.

The Minister affirmed the Saudi party's keenness on promoting trade exchange with Egypt and luring more investment into the country.

On February 20,Egypt and Saudi Arabia agreed on increasing the volume of trade and industrial exchange, coordinating to set up joint projects and activating the role of businessmen.