Bilateral ties between Cairo and Riyadh

Egyptian Minister of Civil Aviation, Sameh el Hefny, lauded the strength and depth of bilateral ties between Cairo and Riyadh at a recent meeting between Egyptian and Saudi delegations.
Hefny met with Saudi state minister and cabinet member, Issam bin Saad bin Saeed, Head of the General Authority for Civil Aviation (GACA) Abdulaziz al Duailej and Saudi Ambassador to Egypt, Saleh bin Eid Al-Husseini, and their accompanying delegations.
The meeting tackled a number of issues of mutual interest between the Egyptian Civil Aviation Authority and the Saudi General Authority of Civil Aviation to support more fields of cooperation.
Both sides are keen to boost joint action in light of efforts of the political leadership of both countries, said Hefny.
Meanwhile, bin Saad lauded coordination efforts between the countries at different levels, especially the civil aviation field.
He pointed out to the importance of communication and coordination through exchanging points of view and proposals to promote the targeted economic results.

Egypt-Saudi relations flourishing

Egypt and Saudi Arabia have historically maintained close ties, rooted in a deep, mutual dependence. Egypt has consistently stood alongside Riyadh, while Saudi Arabia, in turn, has always offered unwavering support to Cairo through crises and turbulent events in the Middle East. Under the leadership of President Abdel Fattah El-Sisi, King Salman bin Abdulaziz, and Crown Prince Mohammed bin Salman, Egyptian-Saudi relations have flourished. The frequency of visits between leaders of the two nations has increased, and cooperation has expanded to include military, economic, and investment sectors. Numerous agreements have fortified their strategic partnership, making Saudi Arabia Egypt’s largest trading partner in the Middle East. Despite occasional differences in viewpoints, the historical relations have proven resilient, providing a model of solidarity that others can emulate.

The necessity of cooperation between Egypt and Saudi Arabia is driven not only by regional challenges but also by the bilateral development ambitions outlined in their respective national visions. Egypt’s large-scale national projects present attractive opportunities for Saudi investments, particularly in the green economy, technology, and renewable energy production.

Recent strides towards bolstering cooperation align with the economic and investment policies implemented by the Egyptian government. These policies aim to attract Arab and foreign investments with positive signals to the business community, including a package of tax incentives designed to improve investor relations with the Tax Authority and stimulate business activity. The objective is to make investors feel valued, overcome tax-related obstacles, and ultimately enhance productivity and economic growth, thereby fostering a more robust macroeconomic structure reliant on production, export, and foreign trade.