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Trade minister meets Saudi, Djiboutian counterparts in Geneva
11 June 2022  -  Sector :  -  Entity :  -  Category : General

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The meetings have discussed boosting Egypt’s trade and industry with Saudi Arabia and Djibouti.

Geneva- June 11, 2022

Minister of Trade and Industry Nevine Gamea has met with Saudi Minister of Commerce Majid al-Qasabi and Djiboubi’s Minister of Trade and Tourism Mohamed Warsama Dirieh, on the margins of the WTO 12th Ministerial Conference (MC12), in Geneva, Switzerland.

Gamea and Qasabi discussed boosting bilateral trade between Egypt and Saudi Arabia, especially with Egyptian exports to its second top export market amounting to $1.994 billion in 2021 and Egypt ranking seventh receiving a total sum of Saudi exports worth $2.478 billion.

They also agreed on holding an expanded business forum in Cairo to explore the investment opportunities available and potential joint partnerships in Egypt’s domestic market.

The meeting with Dirieh also focused on expanding economic cooperation between Egypt and Djibouti, as well as at the regional level in the Horn of Africa and Red Sea.

The two ministers said a delegation of importers from Djibouti will visit Egypt and hold a series of meetings with the local export councils to discuss further cooperation mainly in the field of food and agricultural industries.
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