Latest news with #Egyptian-Saudi
Economic Key
6 days ago
- Business
- Economic Key
AJAD Developments Kicks Off with Egyptian-Saudi Partnership and Bold Real Estate Vision in East Cairo
AJAD Developments has officially launched its operations in Egypt's real estate sector through a strategic Egyptian-Saudi partnership, grounded in deep expertise and a bold vision for development both locally and internationally. Counselor Onsy Ammar, a board member of AJAD Developments, stated that the company aims to introduce a modern real estate development model driven by innovation and long-term planning. He emphasized the company's focus on creating integrated communities that address the evolving needs of a new generation of clients and investors in both Egypt and Saudi Arabia. Ammar added that the launch of AJAD Developments reflects the strong confidence that foreign investors have in the Egyptian real estate market. He noted that Egypt continues to offer attractive investment opportunities, particularly through partnerships with top-tier Egyptian developers, which in turn encourage further foreign capital inflows. He revealed that the company plans to develop a diverse portfolio of projects across Egypt, with the first to be announced soon in East Cairo. Ammar also highlighted that AJAD Developments represents a distinctive model of Egyptian-Saudi collaboration, combining extensive experience with robust financial capabilities from both nations. This strategic alliance, he said, gives the company a competitive edge in delivering large-scale projects that meet the expectations of both markets. He stressed AJAD's commitment to providing innovative development solutions aligned with global standards in design and sustainability. At the heart of AJAD's approach is a focus on building fully integrated urban communities that serve a wide range of societal needs. He concluded by noting the growing trend of Egyptian and Saudi investors jointly launching projects in both countries—driven by strong bilateral ties and substantial government support. He affirmed that both the Egyptian and Saudi markets present fertile ground for serious, forward-looking investment ventures. تم نسخ الرابط
CairoScene
22-05-2025
- Entertainment
- CairoScene
BTS: Saudi-Egyptian Series ‘Jad Jadid' Begins Filming in Egypt
The new Egyptian-Saudi drama is starring Egyptian actress May Elghety and directed by Egyptian cinematographer Salma El Kashef. Filming is underway in Cairo for 'Jad Jadid', a new Egyptian-Saudi drama series starring Egyptian actress May Elghety in the lead role. Behind-the-scenes photos from the set offer a first look at the ambitious production, which brings together emerging and established talents from across the region. Elghety, who has steadily carved a space for herself in regional cinema and television, leads a cast that includes celebrated Egyptian and Saudi actors such as Sawsan Badr, Mohsen Mohy El Din, Amawri Ezaiyah, and Adwa Bader. Directed by Salma El Kashef, making her television debut after a successful career in photography and cinematography, the series is penned by Reem Elkammash and produced by Kino Films, with executive producers Amira Sherif and Sabry Abaza.
Egypt Independent
21-05-2025
- Politics
- Egypt Independent
Relations between Egypt and Saudi Arabia are solid: Official
Egyptian Cabinet Spokesperson Mohamed al-Homsany said that the visit of the Speaker of the Saudi Shura Council to Egypt and his meeting with Prime Minister Mostafa Madbouly comes as part of reciprocal visits between both countries. During a phone interview with TV host Sherif Amer on the program 'Yahdoth Fi Masr' (Happening in Egypt), broadcast on MBC Masr, Homsany emphasized that relations between the two countries are strong and solid, with ongoing communication at various levels. Telations between Egypt and Saudi Arabia, both at the official and popular levels, are very close, a point Madbouly emphasized during the meeting on Tuesday. Homsany indicated that an agreement was reached on Tuesday to form the joint Egyptian-Saudi Supreme Coordination Council. He assured that the visit is, 'Not a response to any rumors, but rather comes to strengthen cooperation between the two countries and as part of a series of ongoing visits that reflect the depth of bilateral relations.'
Egypt Independent
01-05-2025
- Business
- Egypt Independent
Strict presidential directives issued to halt power load shedding in summer
CAIRO, April 27 (MENA) – President Abdel Fattah al-Sisi has issued strict directives to find decisive solutions to halt power load shedding during the summer, Prime Minister Mostafa Madbouly said. Madbouly chaired a meeting Sunday with Minister of Electricity and Renewable Energy Mahmoud Essmat to review the ongoing plans for handling the rising electricity loads and increased demand during the summer months. The meeting also covered several other topics, including the current status of Egypt's electricity interconnection projects with Saudi Arabia, Greece, and Italy. Madbouly highlighted the government's intensive efforts to enhance investment opportunities in the energy sector, ensure the sustainability of electricity supplies for the national grid, industrial sectors, and service sectors, and accelerate work on ongoing renewable energy projects aimed at diversifying energy supply sources and adding new capacities to the electricity grid. Essmat said his ministry is holding regular meetings with the Ministry of Petroleum and Mineral Resources to coordinate efforts regarding the availability of petroleum products for the electricity sector. He also outlined ongoing efforts to stabilize electricity supply during the summer, including continuous monitoring of electricity companies' preparations for maintenance programs and timelines for adding new capacities, with additional steps studied to strengthen the unified grid to accommodate new capacities. Regarding interconnection projects, Essmat highlighted significant progress in the electricity link with Italy, which has received approval to connect to the internal network. 'Discussions are ongoing to expedite the interconnection project between the two countries and increase the participation of Italian companies in sector projects, particularly in renewable energy, to maximize the benefits of clean energy.' The minister also updated the premier on progress in the electricity interconnection with Greece, emphasizing the project's importance for sustainable development and its role in Egypt's broader strategy to connect its grid with neighboring countries. 'The goal is to link to the European grid, positioning Egypt as a regional energy exchange hub.' Essmat reviewed the status of the Egyptian-Saudi electricity interconnection operations, noting that this project connects the two largest grids in the region and lays the groundwork for future Arab interconnection. This will enhance the stability and reliability of electricity supply between the two countries, with significant economic and developmental benefits, he made it clear. (MENA)
Egypt Independent
22-04-2025
- Politics
- Egypt Independent
Egypt, Saudi Arabia back two-state solution, reject Palestinian displacement
Egypt and Saudi Arabia, in a joint statement issued by their Committee for Follow-up and Political Consultations, affirmed the importance of the two-state solution and categorically rejected all attempts to displace Palestinians from Gaza, the West Bank, and East Jerusalem, whether temporarily or permanently, forced or voluntary. They also expressed support for the Arab-Islamic plan and Cairo's upcoming ministerial conference for the early recovery and reconstruction of Gaza. The meeting, held in Riyadh and chaired by Minister of Foreign Affairs, Emigration and Expatriates Badr Abdelatty and his Saudi Saudi counterpart Prince Faisal bin Farhan Al Saud, addressed enhancing bilateral relations and agreed on the importance of launching the 'Egyptian-Saudi Supreme Coordination Council' to strengthen cooperation across various fields. They emphasized building on the 'Agreement on the Encouragement and Protection of Mutual Investments' to bolster investment. Discussions also covered other regional and international issues, including efforts to stop the Israeli aggression against Gaza. The two sides affirmed their support for the legitimate Yemeni government and the security of navigation in the Red Sea. They agreed on the importance of ending the conflict in Sudan, supporting Sudanese state institutions, and backing initiatives like the Jeddah talks. Regarding Syria, they stressed the need to preserve its unity, sovereignty, and territorial integrity while rejecting foreign interference and condemning Israeli violations. On Libya, they emphasized respect for its sovereignty, the departure of foreign forces, and the importance of holding simultaneous presidential and parliamentary elections. Finally, they agreed on supporting efforts to achieve security and stability in Somalia.
