Mr. Ayman El-Ashry, Chairman of the Cairo Chamber of Commerce and Member of the Federation of Egyptian Industries, stated that the activities of the second day of the Saudi-Egyptian Business Forum, held in the Saudi capital, Riyadh, witnessed tangible positive results that confirm the depth of economic relations between Egypt and Saudi Arabia.
El-Ashry explained that the events were attended by His Excellency the Saudi Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim bin Abdullah Al-Khorayef, and his Deputy for Industry Affairs, Engineer Khalil bin Salamah, along with the Chairman of the Federation of Saudi Chambers, the Chairman of the Egyptian-Saudi Business Council, and Engineer Mohammed Al-Suwaidi, Chairman of the Federation of Egyptian Industries.
He added that the meetings resulted in the signing of a number of preliminary industrial agreements and strategic understandings with Saudi investors, an important step that reflects the shared desire to strengthen economic cooperation and open new horizons for industrial investment between the two countries.
El-Ashry emphasized that these results reflect the mutual seriousness of both sides in advancing relations to broader levels, noting that the forum represents an effective platform for creating investment partnerships that serve common economic interests.
Al-Ashry explained that the discussions held over the first and second days of the forum resulted in advanced understandings in the areas of joint manufacturing, exchange of expertise, expansion of production lines, and doubling export activities, particularly in the field of “special steel,” of which Al-Ashry Steel Group is the sole entity specialized in producing and exporting from Egypt and the Middle East to European and Gulf markets, most notably the Saudi market.
He emphasized that these agreements will soon be implemented through well-thought-out implementation plans and joint follow-up committees, reflecting the seriousness of both parties in transforming the understandings into a tangible industrial and commercial reality.
Al-Ashry indicated that the business forum laid clear foundations for true Arab industrial integration, praising the efforts made by both the Egyptian and Saudi sides to ensure the forum’s success. He also noted that the agreements concluded will make a real difference in the level of bilateral cooperation, particularly in the areas of local manufacturing and technology exchange.
The head of the Cairo Chamber also emphasized that the bilateral meetings held during the forum, both at the corporate level and with government officials, reflected a strong desire on both sides to move from dialogue to actual partnership, which aligns with the two countries’ strategic orientations toward achieving sustainable economic development.
