Latest news with #Saudi-EgyptianIndustrialForum
Leaders
13-05-2025
- Business
- Leaders
Crown Prince, U.S. President Sign Strategic Economic Partnership Agreement
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and U.S. President Donald Trump signed the Strategic Economic Partnership Agreement between the governments of Saudi Arabia and the United States of America. The Crown Prince and the U.S. President also witnessed the signing of an agreement between the Ministries of Energy of the Kingdom and the United States. #ولي_العهد الأمير محمد بن سلمان والرئيس الأميركي دونالد #ترمب بعد توقيع اتفاقية الشراكة الاقتصادية الاستراتيجية بين الحكومتين #الرئيس_الأمريكي_في_المملكة | #الإخبارية — قناة الإخبارية (@alekhbariyatv) May 13, 2025 The official talks between the Crown Prince and the U.S. President began at Al-Yamamah Palace, as part of President Trump's visit to the Kingdom, which marks his first foreign tour since his election—a visit he described as historic. Related Topics : Trump in Saudi Arabia: Underscoring Historic Ties and Riyadh's Strategic Centrality Riyadh Hosts Saudi-Egyptian Industrial Forum to Deepen Strategic Cooperation Saudi Arabia Boosts Culture Sector through Partnerships with UK, France Saudi Arabia, China Boost Economic Cooperation with 24 Deals Short link : Post Views: 24 Related Stories
Leaders
29-04-2025
- Automotive
- Leaders
Interview: Automechanika Riyadh 2025 Highlights Innovation, Localization, Market Expansion
The seventh edition of the 'Automechanika Riyadh 2025' exhibition kicked off on Monday and will run until April 30, 2025, reflecting the Kingdom's interest in the vehicle services sector. Ali Hafni, Director of Automechanika, told 'Leaders' in exclusive remarks that this year's exhibition features more than 450 exhibitors from 32 countries around the world. Hafni confirmed the success of the exhibition, noting that it is being held across five halls this year, compared to just three halls last year. He pointed out that around 339 companies participated in the exhibition last year, while this year the number has exceeded 450 companies—a 50% increase, which marks a major success attributed to the achievements of the 2024 edition. He added, 'On the first day, the number of visitors far exceeded our expectations, thanks to strong promotion and marketing of the exhibition's events.' Hafni explained that the exhibition succeeded this year in attracting new companies, including many from new sectors. He also announced that the next edition of the exhibition will take place from April 20 to 22, 2026. The seventh edition of 'Automechanika Riyadh 2025' features a 70% increase in space compared to the 2024 edition. Automechanika Riyadh 2025 The exhibition occupies five halls at the exhibition center, allowing it to accommodate more than 19,000 visitors over three days. It showcases the latest products and services in spare parts, electronics systems, oils, tires, vehicle care, diagnostics, and maintenance. The exhibition also includes an intensive knowledge program featuring more than 50 panel discussions and workshops, bringing together a group of experts and industry leaders. The sessions focus on localization issues, innovation, digital transformation strategies, and sustainable supply chains. Related Topics : Automating Date Palm Harvesting: KAUST Unveils New Robotic System Saudi Arabia to Embark on Exceptional Visit to East Asia, Seeks Automotive Technology Localization Riyadh Hosts Saudi-Egyptian Industrial Forum to Deepen Strategic Cooperation Saudi Interior Ministry Announces Penalties for Hajj Permit Violations Short link : Post Views: 8
Leaders
28-04-2025
- Business
- Leaders
Riyadh Hosts Saudi-Egyptian Industrial Forum to Deepen Strategic Cooperation
The Saudi-Egyptian Industrial Forum officially opened today in Riyadh, held under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef. The forum seeks to strengthen strategic industrial cooperation and deepen integration between Saudi Arabia and Egypt. Jointly organized by the Federation of Saudi Chambers of Commerce and the Federation of Egyptian Industries, the event attracted a high-level delegation, including Deputy Minister for Industrial Affairs Eng. Khalil bin Salamah, CEO of the Saudi Export Development Authority Abdulrahman Althukair, and over 300 influential industry leaders and investors from both countries. In his remarks, Eng. Bin Salamah highlighted the importance of advancing economic collaboration and industrial integration. He called for expanding partnerships in five key sectors outlined in Saudi Arabia's National Industrial Strategy: pharmaceuticals, automotive, building materials, textiles, and food industries. Saudi-Egyptian Industrial Forum He also pointed to growing strategic ties between the two nations, citing initiatives such as 'Saudi Made,' 'Future Factories,' and 'Made in Egypt,' alongside broader cooperation in goods and services. Additionally, bin Salamah encouraged Egyptian investors to explore opportunities in the Kingdom, referencing Saudi Arabia's ambitious plan to launch 24,000 new factories over the next ten years. Hassan Alhwaizy, Chairman of the Federation of Saudi Chambers of Commerce, described the forum as a pivotal moment in the evolving industrial alliance, stressing the critical role of economic cooperation in shaping a resilient bilateral partnership. Federation of Egyptian Industries Mohamed El-Sewedy, Chairman of the Federation of Egyptian Industries, noted that ongoing global challenges are accelerating the need for deeper industrial integration, positioning both nations to better access the opportunities of the African market. Bandar Al-Ameri, Chairman of the Saudi-Egyptian Business Council, emphasized the significant growth in trade between the two countries. He highlighted the recent signing of a mutual investment protection and promotion agreement as a major strategic step toward solidifying long-term economic ties. Related Topics : Egypt Signs MoU with KSA to Develop Real Estate Projects Saudi Arabia, Egypt Deepen Industrial Cooperation Saudi Arabia is the largest investor in Egypt with total investments of $55 billion in 5,350 projects Egypt Signs MoU with KSA to Develop Real Estate Projects Short link : Post Views: 2
Asharq Al-Awsat
28-04-2025
- Business
- Asharq Al-Awsat
Riyadh Hosts Saudi-Egyptian Industrial Forum
The Saudi-Egyptian Industrial Forum kicked off in Riyadh on Monday under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef. The forum aims to bolster strategic industrial cooperation and integration between the two countries. Organized by the Federation of Saudi Chambers of Commerce in collaboration with the Federation of Egyptian Industries, the forum witnessed the participation of Deputy Minister for Industrial Affairs Eng. Khalil bin Salamah, Saudi Export Development Authority CEO Abdulrahman Althukair, and 300 prominent Saudi and Egyptian industry leaders and investors. Bin Salamah underscored the significance of strengthening economic cooperation and industrial integration between Saudi Arabia and Egypt. He advocated for enhanced industrial partnerships within five priority sectors identified in the Kingdom's National Industrial Strategy: pharmaceuticals, automotive, building materials, textiles, and food industries. He highlighted the evolving strategic integration between the two countries across initiatives like "Saudi Made,Future Factories," and "Made in Egypt," as well as in the broader goods and services sector. Bin Salamah urged Egyptian industrialists to capitalize on the industrial investment opportunities available in the Kingdom, citing its ambitious plans to establish 24,000 new factories over the next decade. Federation of Saudi Chambers of Commerce Chairman Hassan Alhwaizy hailed the forum as a crucial milestone in Saudi-Egyptian industrial collaboration, emphasizing the strategic partnership underpinning their economic relations, particularly in the industrial sector. Federation of Egyptian Industries Chairman Mohamed El-Sewedy stated that current global challenges are accelerating the need for industrial integration between the two countries, strengthening their partnership to tap into the African market's potential. Saudi-Egyptian Business Council Chairman Bandar Al-Ameri highlighted the substantial growth in trade exchange between Saudi Arabia and Egypt in recent years, fueled by developing economic partnerships between their respective business communities. He emphasized that signing the agreement to protect and encourage mutual investments represents a strategic achievement serving their shared interests.
Arab News
28-04-2025
- Business
- Arab News
Saudi Arabia, Egypt strengthen industrial ties with new initiatives
RIYADH: Saudi Arabia and Egypt are advancing efforts to strengthen their industrial and economic partnership, as officials emphasized the importance of trade facilitation, industrial integration, and government-backed support. Speaking at the Saudi-Egyptian Industrial Forum in Riyadh, Minister of Industry and Mineral Resources Bandar Alkhorayef announced that the Saudi Export-Import Bank has completed SR1.3 billion ($346.5 million) in operations, highlighting the strong bilateral relationship between the two nations. 'The industrial strategy emphasizes the importance of industrial integration with other countries, especially Egypt,' he stated, noting that cooperation pathways include industry, mining, and trade, as well as supply chains, human resources, research, and innovation. He highlighted the vital role of government agencies in supporting exporters and importers from both countries. Bandar Al-Ameri, chairman of the Saudi-Egyptian Business Council, highlighted that trade between the Kingdom and Egypt increased by 28 percent in 2024, citing the strengthening economic partnership between the business communities of the two nations. Al-Ameri pointed to the signing of a bilateral investment protection agreement as a strategic achievement and emphasized Egypt's role as a major economic partner and gateway to African markets. Hassan Al-Hwaizy, chairman of the Federation of Saudi Chambers, welcomed the Egyptian delegation, stating that Saudi-Egyptian economic relations are based on genuine partnership rather than figures alone. He called for enhancing cooperation in industry and trade and encouraged the establishment of joint projects, specifically to serve African markets. Vice Minister of Industry and Mineral Resources for Industrial Affairs Khalil Ibn Salamah explained that the industrial partnership focuses on five strategic sectors, including pharmaceuticals, automotive, construction materials, textiles, and food industries. He emphasized the strategic alignment between the industrial initiatives of both countries and urged Egyptian manufacturers to seize the opportunities available in the Saudi market, noting the Kingdom's target to establish 24,000 new factories over the next decade. The Saudi-Egyptian Industrial Forum, held in Riyadh under the patronage of the Saudi Minister of Industry and Mineral Resources, gathered more than 300 leaders and investors from the Saudi and Egyptian industrial sectors. Organized by the Federation of Saudi Chambers in cooperation with the Federation of Egyptian Industries, the forum focused on strengthening strategic cooperation and promoting pathways for industrial integration. The event also showcased available investment opportunities in priority sectors under the Kingdom's National Industrial Strategy, emphasizing the growing Saudi-Egyptian industrial base, which aims to expand investments in the pharmaceutical, automotive, construction materials, textiles, and food industries.
