23/03/2015
praised the outcomes of the economic conference in Sharm El Sheikh
Saudi businessmen and Egyptians affirm the need to establish more joint ventures
A memorandum of understanding between the East Chamber, Egypt Telecommunications and Information
Saudi businessmen and Egyptian stressed the importance of launching additional investment projects, especially in the areas of telecommunications and information technology, so as to enhance the level of growing economic ties between the two countries, in furtherance of the recommendations of the conference supporters of Egypt, which was recently in the city of Sharm el-Sheikh.
This came during a meeting with Egyptian trade delegation specializing in telecommunications and information technology with a number of businessmen in the region witnessed the East Room yesterday, Sunday, March 22, 2015 its headquarters in Dammam, as it has been to emphasize the importance of developing relations between the two parties, and agreed that the importance of the achievement made in the citySharm el-Sheikh a few days ago.
In his speech to the delegation deputy chairman of the East Chamber Engineer Hassan bin Misfer Al-Zahrani expressed the hope that this meeting will be fruitful and useful and feasible, additional support to the reality of the relationship we have with our brothers in the Arab Republic of Egypt, which exceeded the politics and geography limits, and the limits of commercial and economic interests,It is a relationship history is available on all survive to what God wills factors.
He added: "We look forward to giving this visit an added value to the national economy in Egypt and Saudi Arabia, and to be good supportive economic relations growing, with trade between Saudi Arabia and Egypt volume exceeded the $ 5 billion in last year's limits, is available for increasing the number in the coming years.. The Egyptian community in the Kingdom of strong million people, the largest among Egyptian communities abroad, and continues to supply the Egyptian economy by about eight billion dollars per annum, on the other side, we find that Saudi investments in Egypt in a good position as it was estimated at $ 28 billion, which can be increased as well, as long as we agree on the need to increase them, and are serious about introducing more joint ventures, and as long as the investment environment in both countries, stimulating and encouraging and supportive of the aspirations of the businessmen in the two brotherly.
AlZahrani said that this meeting came days after a massive economic conference hosted by the Sharm el-Sheikh, which has achieved unprecedented success, where we all hope to establish this conference a new platform and a suitable platform to exceed the land of Egypt adversity and challenges facing the post, we do not see Egypt ArabismBut in the foreground always, and so must be kept, and the pause Gulf with their brothers in Egypt is always present and real translation of this vision, and proved the Saudi leadership it at the forefront of the supporters of the brotherly Egyptian people's choices was a pause, "Riyadh" in the lead at every moment minutes pass by "force majeuregoats "testified Sharm el-Sheikh new support amounted to 15 billion riyals.
For his part, head of the delegation, Vice Chairman of the Chamber of Information and Communications Technology Industry Management Dr. Hossam Alsmad As we come to the kingdom, particularly in the eastern region, we seek to open more links between businessmen in Egypt and their counterparts in the kingdom .. He pointed out that the part in the delegationThis visit represents 35 companies and institutions specializing in telecommunications and information technology, we are through this visit and others urge Saudi investors to begin to work with us in this huge sector, which contains hundreds of labor, as there is in Egypt alone, 2,500 companies operating in these areas,and employs about 100 000 workers, and developmental services include a variety of sectors, notably education and health, and information security, manufacturing and so on.
Commenting on what happened in Sharm el-Sheikh said that it remarkable step of our Gulf brothers, we therefore look forward to pump more viable investments that support economic relations, and give long-term value of the two countries, and we hope that this visit will be an introduction and usher in other visitsand that we are witnessing in the near future a number of joint ventures between investors in the two countries, including benefit and good returns on the two brotherly peoples.
The meeting saw a visual presentation for the eastern region, and the signing of a memorandum of understanding between the East Chamber, information and communication technology industry in Egypt, and held bilateral meetings between businessmen in the eastern region and members of the visiting delegation.
At the conclusion of the meeting, they exchanged Vice President of the Chamber, and the head of the delegation Alsmad souvenirs.
