{"id":653392,"date":"2024-10-16T00:00:00","date_gmt":"2024-10-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/16\/mohammed-bin-salman-spent-the-day-in-cairo-talking-trade-investment-diplomacy-with-el-sisi\/"},"modified":"2024-10-16T00:00:00","modified_gmt":"2024-10-16T00:00:00","slug":"mohammed-bin-salman-spent-the-day-in-cairo-talking-trade-investment-diplomacy-with-el-sisi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/16\/mohammed-bin-salman-spent-the-day-in-cairo-talking-trade-investment-diplomacy-with-el-sisi\/","title":{"rendered":"Mohammed Bin Salman spent the day in Cairo, talking trade, investment, diplomacy with El Sisi"},"content":{"rendered":"

Saudi Crown Prince Mohammed Bin Salman was in Cairo yesterday<\/strong> for a one-day visit that saw him meet with President Abdel Fattah El Sisi to discuss strengthening relations and other issues of common interest, according to an Ittihadeya statement<\/a>. The two sides touched on trade and investment, as well as regional tension. <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The outcome: <\/strong>The two sides inked the formation of the Egyptian-Saudi Supreme Coordination Council, which will be co-chaired by them. They also inked an Agreement on Promotion and Mutual Protection of Investments between Egypt and Saudi, which chairman of the Egyptian-Saudi Joint Business Council Bandar Al Ameri previously said<\/a> could bring in upwards of USD 10 bn in bilateral investments over the next three years.<\/p>\n

A two-month wait time: <\/strong>The agreement will be implemented within the coming two months once the legislation receives the regulatory greenlight from both sides, Prime Minister Moustafa Madbouly said last month<\/a>. <\/p>\n

Remember: <\/strong>Saudi Arabia is looking to turn its deposits<\/a> with the Central Bank of Egypt into investments, with a focus on the industry, tourism, ICT, logistics, and green energy sectors<\/p>\n

We\u2019ve been investing a lot in Saudi, too:<\/strong> During the first half of this year, over 1.7k Egyptian investors got their Saudi investment license \u2014 representing 30% of the 5.9k licenses given out during the six-month period, according to data from the Saudi Investment Ministry<\/a>. <\/p>\n

The two leaders also<\/strong> discussed regional developments <\/strong>\u2014 particularly the situations in Gaza and Lebanon. \u201cBoth sides agreed on the gravity of the regional situation and the necessity to de-escalate tensions. The two leaders emphasized that the establishment of a sovereign Palestinian state, in accordance with international legitimacy resolutions, is the only path to achieving sustainable ceasefire, peace, and security in the region,\u201d the statement read. Discussions also touched on what\u2019s happening in Sudan, Libya, and Syria. <\/p>\n

The story got ink from <\/strong>Bloomberg<\/a><\/strong> and <\/strong>Reuters<\/a><\/strong>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The crown prince and El Sisi also discussed ongoing developments in Gaza and Lebanon<\/p>\n","protected":false},"author":1,"featured_media":653393,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7262],"tags":[96,168,72,219],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-653392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-abdel-fattah-el-sisi","tag-diplomacy","tag-enterpriseam","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"7bbe0aae-ba3a-4ca8-a09e-ba17d1cfce14","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1279.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mohammed Bin Salman spent the day in Cairo, talking trade, investment, diplomacy with El Sisi","related_issue":[653387],"teaser":"The crown prince and El Sisi also discussed ongoing developments in Gaza and Lebanon","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.eb9c23c6-ff0c-4054-ac84-4a8f923a5b1e.mp3"},"yoast_head":"\nMohammed Bin Salman spent the day in Cairo, talking trade, investment, diplomacy with El Sisi - 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El Sisi inquired about the health of Saudi King Salman Abdulaziz Al Saud, the statement said.\u2026","rel":"","context":"In "Diplomacy"","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":547529,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/26\/qatari-emir-is-in-cairo-ethiopia-accused-the-eu-of-taking-sides\/","url_meta":{"origin":653392,"position":2},"title":"Qatari Emir is in Cairo + Ethiopia accused the EU of taking sides","author":"enterpriseam admin","date":"26 June 2022","format":false,"excerpt":"Qatari emir in Cairo as tensions thaw further: Qatari Emir Sheikh Tamim bin Hamad Al Thani held discussions with President Abdel Fattah El Sisi on Saturday, during the Sheikh\u2019s first visit to Egypt since the two countries normalized relations in early 2021.Investment at the top of the agenda: The two\u2026","rel":"","context":"In "Diplomacy"","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":625816,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/el-sisi-talks-regional-issues-with-salman-mbs-in-neom\/","url_meta":{"origin":653392,"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 "Diplomacy + Foreign Trade"","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":577948,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/el-sisi-talks-everything-from-food-water-energy-security-to-political-stability-in-riyadh\/","url_meta":{"origin":653392,"position":4},"title":"El Sisi talks everything from food, water, energy security to political stability in Riyadh","author":"enterpriseam admin","date":"11 December 2022","format":false,"excerpt":"El Sisi calls for close Arab-China ties: President Abdel Fattah El Sisi called on the Arab world and China to strengthen ties at a summit in Saudi Arabia attended by Chinese President Xi Jinping on Friday, according to an Ittihadiya statement. The president said that Arab nations and Beijing will\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/195.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622172,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/el-sisi-holds-talks-with-mbs-on-egypt-saudi-investment-and-joint-projects\/","url_meta":{"origin":653392,"position":5},"title":"El Sisi holds talks with MbS on Egypt-Saudi investment and joint projects","author":"enterpriseam admin","date":"28 November 2018","format":false,"excerpt":"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\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/11\/328.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/653392","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=653392"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/653392\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/653387"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/653393"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=653392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=653392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=653392"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=653392"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=653392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}