Emphasizing the strong historical and strategic ties between the two nations under their respective leaderships, participants highlighted the mutual interest in strengthening cooperation across vital sectors, particularly in the New Valley as a key area for Egypt's agricultural development.
Minister Farouk underscored the Egyptian government's
keenness on Saudi investments, especially in agriculture, for their crucial
role in achieving food security for both countries. He noted ongoing
development in the New Valley for production and land reclamation and assured
that Egypt is committed to facilitating investments for interested Saudi
parties.
The Minister presented Prince Salman with promising
investment opportunities in land reclamation, agricultural manufacturing, and
modern-irrigation-based cultivation of field and export-oriented industrial
crops, emphasizing their high and quick returns. He also suggested potential
collaboration with the Egypt’s Future Project for Sustainable Development.
Governor El-Zamlot outlined a range of promising
agricultural investment ideas, focusing on maximizing agricultural
manufacturing potential for key crops in the region, implementing advanced irrigation
for water conservation, and cultivating crops for the food industry and export,
citing the significant economic benefits and the governorate's advantages.
El-Zamlot emphasized that the meeting marks a significant
step in strengthening Egyptian-Saudi cooperation, positioning the New Valley as
a primary hub for agricultural investment, supporting sustainable development,
and bolstering the national economy through optimal use of the region's
agricultural resources.
Prince Salman expressed his gratitude for the warm welcome and praised Egypt's comprehensive development under President Abdel Fattah El-Sisi, which has fostered an attractive investment climate for Arab and foreign investors. He affirmed his intention to increase his investments in Egypt, recognizing the seriousness in addressing obstacles and providing a favorable environment, and acknowledging the vast potential of promising areas like the New Valley in the agricultural sector.