Chairman of the Federation of Egyptian Chambers of Commerce, Ahmed El-Wakil asserted that Saudi Arabia ranked first in terms of Egypt’s investments which are US$27 billion and the numbers of projects that reached around 2800 projects including the various productive, service and economic fields.
On the sidelines of Egyptian-Saudi Business Council conference, El-Wakil added that the total number of projects is around 1300 projects with investments up US$2.5 billion.
The total volume of trade exchange between the two countries ups US$5 billion in addition to Saudi tourism represents 20% of Arab tourism in Egypt, El-Wakil noted.
He pointed out that the businessmen of the two countries have a big task to achieve Arab integration dream, especially in light of supporting the political leadership and the visions of the two countries.
