{"id":643892,"date":"2024-09-17T00:00:00","date_gmt":"2024-09-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/madboulys-investment-charm-offensive-in-riyadh-continues-to-dominate-the-talk-show-circuit\/"},"modified":"2024-09-17T00:00:00","modified_gmt":"2024-09-17T00:00:00","slug":"madboulys-investment-charm-offensive-in-riyadh-continues-to-dominate-the-talk-show-circuit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/madboulys-investment-charm-offensive-in-riyadh-continues-to-dominate-the-talk-show-circuit\/","title":{"rendered":"Madbouly\u2019s investment charm offensive in Riyadh continues to dominate the talk show circuit"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Last night\u2019s talk shows focused on the Egyptian ministerial delegation\u2019s visit to Riyadh<\/strong> 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThis meeting was of the utmost importance,\u201d <\/strong>Cabinet spokesperson Mohamed El Homsani told Ahmed Moussa on his program Ala Mas\u2019ouleety. 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\u2019 legislative councils for approval once finalized. The Egyptian side also highlighted investment potentials in Egypt\u2019s agricultural, new and renewable energy, and food and car manufacturing sectors (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=6DLseexiszE\" style=\"\" rel=\"noopener\">watch: runtime: 6:35)<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt and Saudi\u2019s historic ties got a mention on the Saudi side: <\/strong>Ala Mas\u2019ouleety shared a clip of Saudi Commerce Minister Majid bin Abdullah Al Qasabi\u2019s 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\u2019s role in transmitting knowledge to Saudi Arabia during its period of development (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=t5ty-KoL-0g\" style=\"\" rel=\"noopener\">watch, runtime: 2:19<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Moussa described the relationship between Egypt and Saudi Arabia as \u201chistoric, which<\/strong><strong> no one will be able to effect,\u201d <\/strong>adding that the agreements finalized between the two sides during the Egyptian delegation\u2019s visit are the product of a long path and many efforts from both parties over the preceding years. He also confirmed bin Salman\u2019s upcoming visit to Egypt (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=fL7jup797DA\" style=\"\" rel=\"noopener\">watch, runtime: 3:40<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amr Adib also weighed in on the visit on his show El Hekaya, <\/strong>describing bin Salman\u2019s directive to inject USD 5 bn in new investments into the economy as \u201cmutually beneficial.\u201d 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 (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=R_JlFT7-RZE\" style=\"\" rel=\"noopener\">watch, runtime: 5:12<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The day was capped off by Saudi Crown Prince Mohammed bin Salman\u2019s directive that the PIF inject USD 5 bn in new investments into the Egyptian economy<\/p>\n","protected":false},"author":1,"featured_media":643893,"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":[7232],"tags":[244,72,125,106,7345,219,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-643892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-electricity","tag-enterpriseam","tag-investment-watch","tag-last-nights-talk-shows","tag-public-investment-fund","tag-saudi-arabia","tag-trade","wpautop","entry"],"acf":{"mongo_id":"5d08d662-8f2e-484f-b796-c6028d7a0062","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/1241.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Madbouly\u2019s investment charm offensive in Riyadh continues to dominate the talk show circuit","related_issue":[643872],"teaser":"The day was capped off by Saudi Crown Prince Mohammed bin Salman\u2019s directive that the PIF inject USD 5 bn in new investments into the Egyptian economy","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.ad858667-95fd-40c8-b4a9-77fbf2538216.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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