Tarek Kabil, Minister of Trade and Industry confirmed that the strategic ties that bind both Egypt and Saudi Arabia, whether on the political or economic represent a model for the joint relations based on the mutual benefit for both countries. This came during meeting of the Egyptian-Saudi Joint Business Council  which headed by  the minister, and was attended by council 's members from both sides along with ministers of Supply and investment and Ahmed Al-Wakil Chairman of the General Federation of Chambers of Commerce and Sheikh Saleh Kamel, Chairman of the Federation of Chambers of Commerce and Industry in Jeddah on the sidelines of the 15th session of the Egyptian Saudi Committee for economic ,technical and scientific  cooperation  in Egypt.

The minister pointed out that the Egyptian exports to the Saudi market are 1% of the total Saudi imports as Saudi exports to the Egyptian market are 5% of the total Egyptian imports, which is not commensurate with the size and value of the two brotherly countries.

For his part, Dr. Khaled Hanafiy Minister of Supply and Internal Trade confirmed the importance of developing bilateral relations with Saudi Arabia to become the so-called strategic alliance and making Egypt the platform and hub for launching Egyptian and Saudi Arabia products to other markets, whether in Africa or Europe.

He stressed that Egypt's geographical location and the availability of trained human resources as well as the huge investment opportunities make Egypt destination for receiving the Arab and foreign investments.

Dalia Khourshid and Minister of Investment expressed their keenness to overcome all the obstacles facing Saudi investments in Egypt, which especially represent the largest Arab investor in the Egyptian market. She pointed out that there is coordination with all concerned authorities to simplify and facilitate the system of procedures which will reflect positively on the increased levels of investment and providing job opportunities in the next stage.