Last night’s talk shows focused on the Egyptian ministerial delegation’s visit to Riyadh led by Prime Minister Moustafa Madbouly, which saw Saudi crown prince Mohammed bin Salman direct the PIF to make an initial investment of USD 5 bn in the Egyptian economy.

“This meeting was of the utmost importance,” Cabinet spokesperson Mohamed El Homsani told Ahmed Moussa on his program Ala Mas’ouleety. He added that all developments in the relations between the two countries were discussed, including the new bilateral investment promotion and protection agreement that will be presented to both countries’ legislative councils for approval once finalized. The Egyptian side also highlighted investment potentials in Egypt’s agricultural, new and renewable energy, and food and car manufacturing sectors (watch: runtime: 6:35) .

Egypt and Saudi’s historic ties got a mention on the Saudi side: Ala Mas’ouleety shared a clip of Saudi Commerce Minister Majid bin Abdullah Al Qasabi’s speech during a press conference, where he spoke about the depth of the Egypt-Saudi relationship on scientific, practical, and cultural levels, as well as Egypt’s role in transmitting knowledge to Saudi Arabia during its period of development (watch, runtime: 2:19).

Moussa described the relationship between Egypt and Saudi Arabia as “historic, which no one will be able to effect,” adding that the agreements finalized between the two sides during the Egyptian delegation’s visit are the product of a long path and many efforts from both parties over the preceding years. He also confirmed bin Salman’s upcoming visit to Egypt (watch, runtime: 3:40).

Amr Adib also weighed in on the visit on his show El Hekaya, describing bin Salman’s directive to inject USD 5 bn in new investments into the economy as “mutually beneficial.” He added that Saudi Arabia is well-aware of the value of investing in Egypt, but that at the same time both parties need these investments to be solid, strong, and guaranteed (watch, runtime: 5:12).

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