RIYADH: Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Alkhorayef began an official visit to Egypt to discuss bilateral relations and explore opportunities to enhance cooperation in the industry and mining sectors, the Saudi Press Agency reported on Saturday.
Alkhorayef, who is being accompanied by Deputy Minister of Industry and Mineral Resources Osama Al-Zamil, is scheduled to meet with various government officials and investors in the industrial and mining sectors from both countries, and will conduct field visits to multiple companies and factories.
This visit is part of Saudi Arabia’s efforts to bolster the role of the industrial and mining sectors in the national economy and attract investors from around the world. His trip will also look to review investment opportunities and highlight the Kingdom’s initiatives to develop the two sectors.
Last year, the volume of Saudi non-oil exports to Egypt exceeded SR11 billion ($2.9 billion), while imports totalled SR10 billion. The Kingdom’s primary exports to Egypt included petrochemicals, building materials, and medicines, while key imports consisted of food products, heavy machinery, and electronics.