Bin Mahfouz noted that, “This is our sixth visit to Egypt since 2013. “Saudi Arabia has finally realised the importance of phosphate, aluminium, and gold mining, and invested $55bn in this sector. He said that the Saudi private sector always accompanies Bin Salman in his foreign visits to benefit from investments that can be implemented in various sectors. “Saudi investments can only be secured to output high quality that can be exported.”Bin Mahfouz expressed his desire to boos cooperation in the petrochemical sector. Bin Mahfouz expected to activate the Egyptian-Saudi investment fund, which is included in the agreements, soon, without specifying a date.

Source: Daily News Egypt November 27, 2018 09:00 UTC