{"id":622172,"date":"2018-11-28T04:20:04","date_gmt":"2018-11-28T04:20:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/el-sisi-holds-talks-with-mbs-on-egypt-saudi-investment-and-joint-projects\/"},"modified":"2018-11-28T04:20:04","modified_gmt":"2018-11-28T04:20:04","slug":"el-sisi-holds-talks-with-mbs-on-egypt-saudi-investment-and-joint-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/el-sisi-holds-talks-with-mbs-on-egypt-saudi-investment-and-joint-projects\/","title":{"rendered":"El Sisi holds talks with MbS on Egypt-Saudi investment and joint projects"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>President Abdel Fattah El Sisi held talks yesterday with Saudi Crown Prince Mohammed bin Salman<\/strong>, who landed in Cairo on Monday, <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/513796492473069?__tn__=K-R\">according a statement from Ittihadiya<\/a>. The two discussed collaboration on investment, economic, and national security issues as well as regional diplomacy.<\/p>\n<p><strong>Reports of the USD 5 bn King Salman Causeway made the press: <\/strong>Construction work on the King Salman Causeway, the bridge linking Saudi Arabia and Egypt via Aqaba Bay, will begin before 2020, according to reports picked up by <a href=\"http:\/\/www.gdnonline.com\/Details\/443059\/Work-on-Saudi-Egypt-King-Salman-Causeway-to-start-before-2020\">Gulf News<\/a> and <a href=\"http:\/\/www.constructionweekonline.com\/article-50809-saudi-arabia-may-construct-bridge-over-route-to-egypt\/\">Construction Week Online<\/a>. Cost projections now stand at USD 4-5 bn, from the estimated USD 3-4 bn we had reported <a href=\"https:\/\/enterprise.press\/stories\/2016\/04\/10\/sea-change-in-relations-as-saudi-pledges-sar-60-bn-investment-fund-ksa-private-sector-invests\/\">back in a 2016 issue<\/a> when the project was announced. The bridge\u2019s main 7 km artery will take 5-7 years to complete.<\/p>\n<p><strong>Jusoor Company to be shuttered<\/strong>: The EGP 6 bn Jusoor Company, the holding company founded in 2014 by former Egyptian-Saudi Business Council head Sheikh Saleh Kamel to provide seed money and invest in the Suez Canal, will be liquidated, current council head <a href=\"https:\/\/alborsaanews.com\/2018\/11\/27\/1155814\">Abdullah bin Mahfouz said<\/a>. The company proved of little economic use and its capital will be used to establish 30 small-sized companies to invest in opportunities surrounding the canal, he said.<\/p>\n<p><strong>In other news out of the visit:<\/strong><\/p>\n<ul>\n<li>The two sides formed a committee to discuss ways of cutting barriers to investment. (<a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1346473\">Al Masry Al Youm<\/a>);<\/li>\n<li>Four other committees will look into opportunities in manufacturing, agriculture, tourism and contracting, as well as reconstruction projects in Libya, Iraq, Yemen and Syria, Egyptian-Saudi Business Council <a href=\"https:\/\/alborsaanews.com\/2018\/11\/27\/1155965\">chairman Abdel Hamid Abu Moussa said<\/a>. <\/li>\n<li>Cooperation on SMEs will be the order of the day when the board of the Federation of Egyptian Chambers of Commerce meets on 18-19 December with its Saudi counterpart in Aswan, Federation <a href=\"http:\/\/www.fedcoc.org.eg\/c10792\/%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9%D8%A7%D8%AA-%D9%85%D8%B4%D8%AA%D8%B1%D9%83%D8%A9-%D9%84%D9%84%D8%B1%D8%A8%D8%B7-%D8%A8%D9%8A%D9%86-%D8%A7%D9%84%D8%BA%D8%B1%D9%81-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-\">head Ahmed El Wakeel said<\/a>. <\/li>\n<li>The federations will also look at manufacturing, construction, infrastructure, and agricultural projects across Africa, El Wakeel added, <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1346473\">according to Al Masry Al Youm<\/a>. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>President Abdel Fattah El Sisi held talks yesterday with Saudi Crown Prince Mohammed bin Salman, who landed in Cairo on Monday, according a statement from Ittihadiya. The two discussed collaboration on investment, economic, and national security issues as well as regional diplomacy. Reports of the USD 5 bn King Salman Causeway made the press: Construction [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":622173,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[96,168,72,125,131,1317,219,287,2380,132,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-abdel-fattah-el-sisi","tag-diplomacy","tag-enterpriseam","tag-investment-watch","tag-manufacturing","tag-mohammed-bin-salman","tag-saudi-arabia","tag-smes","tag-speed-round","tag-trade","tag-transport","wpautop","entry"],"acf":{"mongo_id":"7b358301-41e0-4962-af24-86b8d6d69fee","order":"0","is_powered_by":true,"section_story_id":"3a07aba4-ab39-4403-ad52-009a70c97f37","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/11\/328.jpg","photo_position":"above","related_issue":[622153],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>El Sisi holds talks with MbS on Egypt-Saudi investment and joint projects - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/el-sisi-holds-talks-with-mbs-on-egypt-saudi-investment-and-joint-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Sisi holds talks with MbS on Egypt-Saudi investment and joint projects\" \/>\n<meta property=\"og:description\" content=\"President Abdel Fattah El Sisi held talks yesterday with Saudi Crown Prince Mohammed bin Salman, who landed in Cairo on Monday, according a statement from Ittihadiya. The two discussed collaboration on investment, economic, and national security issues as well as regional diplomacy. Reports of the USD 5 bn King Salman Causeway made the press: Construction [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/el-sisi-holds-talks-with-mbs-on-egypt-saudi-investment-and-joint-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-28T04:20:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/328.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/el-sisi-holds-talks-with-mbs-on-egypt-saudi-investment-and-joint-projects\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/el-sisi-holds-talks-with-mbs-on-egypt-saudi-investment-and-joint-projects\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"El Sisi holds talks with MbS on Egypt-Saudi investment and joint projects\",\"datePublished\":\"2018-11-28T04:20:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/el-sisi-holds-talks-with-mbs-on-egypt-saudi-investment-and-joint-projects\/\"},\"wordCount\":323,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/el-sisi-holds-talks-with-mbs-on-egypt-saudi-investment-and-joint-projects\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/328.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Abdel Fattah El Sisi\",\"DIPLOMACY\",\"EnterpriseAM\",\"investment watch\",\"Manufacturing\",\"Mohammed bin Salman\",\"Saudi Arabia\",\"SMEs\",\"SPEED ROUND\",\"trade\",\"transport\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/el-sisi-holds-talks-with-mbs-on-egypt-saudi-investment-and-joint-projects\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/el-sisi-holds-talks-with-mbs-on-egypt-saudi-investment-and-joint-projects\/\",\"name\":\"El Sisi holds talks with MbS on Egypt-Saudi investment and joint projects - 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El Sisi inquired about the health of Saudi King Salman Abdulaziz Al Saud, the statement said.\u2026","rel":"","context":"In &quot;Diplomacy&quot;","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546278,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/10\/us-centcom-commander-in-cairo-shoukry-in-morocco\/","url_meta":{"origin":622172,"position":1},"title":"US Centcom commander in Cairo + Shoukry in Morocco","author":"enterpriseam admin","date":"10 May 2022","format":false,"excerpt":"Yesterday in diplomacy: US Centcom commander Michael Kurilla was in town for talks with President Abdel Fattah El Sisi. (Statement)El Sisi checked in on the health of Saudi Arabia\u2019s King Salman during a phone call with Crown Prince Mohammed bin Salman, a few days after the king was admitted to\u2026","rel":"","context":"In &quot;Diplomacy&quot;","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":653392,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/16\/mohammed-bin-salman-spent-the-day-in-cairo-talking-trade-investment-diplomacy-with-el-sisi\/","url_meta":{"origin":622172,"position":2},"title":"Mohammed Bin Salman spent the day in Cairo, talking trade, investment, diplomacy with El Sisi","author":"enterpriseam admin","date":"16 October 2024","format":false,"excerpt":"The crown prince and El Sisi also discussed ongoing developments in Gaza and Lebanon","rel":"","context":"In &quot;Diplomacy&quot;","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1279.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625816,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/el-sisi-talks-regional-issues-with-salman-mbs-in-neom\/","url_meta":{"origin":622172,"position":3},"title":"El Sisi talks regional issues with Salman, MbS in Neom","author":"enterpriseam admin","date":"15 August 2018","format":false,"excerpt":"El Sisi talks regional issues with Salman, MbS in Neom: President Abdel Fattah El Sisi met yesterday with Saudi Arabia\u2019s King Salman and Crown Prince Mohammed bin Salman in the Neom robot city to discuss regional developments and bilateral ties, according to an Ittihadiya statement. The statement is otherwise scant\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649166,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/24\/el-sisi-meets-with-king-salman-negotiations-on-joint-projects-back-on-track\/","url_meta":{"origin":622172,"position":4},"title":"El Sisi meets with King Salman, negotiations on joint projects back on track","author":"enterpriseam admin","date":"24 April 2017","format":false,"excerpt":"President Abdel Fattah El Sisi met with Saudi Arabia\u2019s King Salman in Riyadhon Sunday amid much fanfare and celebration. El Sisi was also received by Deputy Crown Prince Mohammed bin Salman along with a number of princes, ministers and senior officials, Saudi Press Agency reports. Beyond talk of strengthening bilateral\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/4\/821.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559181,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/12\/around-the-world-on-12-january-2021\/","url_meta":{"origin":622172,"position":5},"title":"Around the world on 12 January 2021","author":"enterpriseam admin","date":"12 January 2021","format":false,"excerpt":"Oman is embarking on a radical shakeup of its constitution: Sultan Haitham bin Tareq announced yesterday that a crown prince will be appointed for the first time ever and a new committee will be formed to evaluate the performance of government officials, reports the Oman News Agency.The US State Department\u2026","rel":"","context":"In &quot;AROUND THE WORLD&quot;","block_context":{"text":"AROUND THE WORLD","link":"https:\/\/enterpriseam.com\/egypt\/category\/around-the-world\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=622172"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622172\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/622153"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/622173"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=622172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=622172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=622172"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=622172"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=622172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}