Saudi Arabian-Egyptian Relations
Egypt has just gotten a visit from Prince Mohammed bin Salman. Arriving in the region in an attempt to “deepen the alliance between two of the region’s powerhouses,” other matters discussed at the meeting with Egypt’s President Abdel-Fattah el-Sissi included: regional matters and the fight against Islamic militants. While there was pull back in relations in 2016 due to opinion strategy disparity on the Syrian war, this meeting improved matters.
Data from MENA has shown that we are currently encountering a “new era of economic ties between Egypt and Saudi Arabia.” President of the General Federation of Egyptian Chambers of Commerce Ahmed Al-Wakil said the total Saudi investments are worth up to $27bn. Industries include: oil and electricity.
It is expected that there will be a further escalation in Saudi Arabia’s investment into Egypt given that officials from Egypt and the Kingdom have commented that they are hoping obstacles between the two countries will be reduced, facilitating the transportation of goods and services between them.