– Saudi investments in Egypt total around USD 15 billion (27 billion Saudi Riyals), with 805 Saudi companies currently operating across various sectors.

– Egyptian investments in Saudi Arabia amount to USD 4.99 billion (18.7 billion Saudi Riyals), driven by 6,830 Egyptian companies involved in different industries.

– Key trade items between the two nations include mineral products, fruits, and foodstuffs imported by Saudi Arabia from Egypt, while dairy, organic chemicals, and aluminum products are among the main exports from Saudi Arabia to Egypt.

The investment deals between the Saudi and Egyptian private sectors will inject  USD 15 billion (27 billion Saudi Riyals), into Egypt’s economy, according to Bandar al-Ameri, head of the Saudi-Egyptian Business Council, statement to Al-Arabiya TV.

This comes following an agreement signed in Cairo between Saudi Crown Prince Mohammed bin Salman and Egypt’s President Abdel Fattah al-Sisi, aimed at fostering and safeguarding mutual investments.

The scope of these investments spans various sectors, including renewable energy, industry, real estate development, tourism, and technology, as highlighted by al-Ameri. These agreements represent a fresh commitment, with the countries now awaiting the signing of an investment protection deal.

During his visit to Cairo, Crown Prince Mohammed bin Salman reaffirmed efforts to strengthen trade and investment ties as Egypt seeks large-scale investments to address its ongoing economic challenges.

Saudi investments in Egypt amount to approximately USD 33.87 billion (127 billion Saudi Riyals), with 805 Saudi companies operating in Egypt. On the other hand, Egyptian investments in Saudi Arabia total USD 4.99 billion (18.7 billion Saudi Riyals), represented by 6,830 Egyptian companies.

Saudi Arabia’s main imports from Egypt include mineral products, fruits, plant-based products, common metals and their manufactures, as well as prepared foodstuffs.

Saudi Arabia’s primary exports to Egypt consist of mineral products, dairy products and derivatives, organic chemical products, aluminum and its manufactures, and paper and cardboard products.

In 2022, Saudi Arabia’s exports to Egypt reached $6.44 billion. The primary products included Crude Petroleum at $1.95 billion, Refined Petroleum at $1.92 billion, and Ethylene Polymers at $654 million. Over the last five years, Saudi exports to Egypt have grown at an annualized rate of 8.96%, rising from $4.19 billion in 2017 to $6.44 billion in 2022.