CAIRO: Egyptian President Abdel Fattah El-Sisi on Tuesday received Saudi Crown Prince Mohammed bin Salman, visiting Cairo as part of a foreign tour that will also take him to Jordan and then Turkey.
El-Sisi and the Crown Prince discussed ways to strengthen Saudi-Egyptian relations in various fields, as well as regional and international political issues of common interest.
The spokesperson for the Egyptian presidency said the talks came “within the framework of the deep and historic strategic partnership between Cairo and Riyadh, which aims to achieve security, stability, development and peace with a vision united for the benefit of the two countries, the two brotherly peoples, and the Arab and Islamic nations”.
Saudi Arabia and Egypt on Tuesday signed 14 agreements worth a total of $7.7 billion. They cover vital economic sectors such as energy, information technology, e-commerce, pharmaceuticals, infrastructure, cybersecurity, food, ports and logistics.
Among the most important transactions, Ajlan Bros. Holding Group and the Arab Group for Supply Chains signed an agreement for the construction of the Egyptian oil storage center; AquaPower has signed an agreement with the Egyptian Electricity Holding Co. to generate 1,100 megawatts of clean energy; and Ajlan Bros. and Sami Saad Group have signed an agreement to invest in renewable energy and water desalination.