Saudi - Egyptian committee to meet next week

The Egyptian - Saudi high committee is due to hold its three-day meeting in Cairo in the first week of September, 1999, during which the participants are to discuss boosting cooperation in trade and industry between the two states, encouraging mutual investments, and exchanging customs exemptions on the goods exchanged between Egypt and Saudi Arabia.

The meeting of the high committee is due to be chaired by Egyptian Foreign Minister Amr Moussa and his Saudi counterpart, Prince Saud al-Faisal.

Moreover, the two states will attempt to push the trade exchange forward to embody the strong bilateral relations between them.

Saudi businessmen are investing their money in the newly developing regions of Egypt.