Trade between Egypt, Saudi Arabia grossed $15.98 billion in 2024

Economic relations between Egypt and Saudi Arabia witnessed significant growth in 2024, with the total volume of trade exchange reaching U.S.$15.98 billion, official data released by the Saudi Ministry of Investment indicated.

This figure represents a 29 percent increase compared to the previous year, as reported by Sada El-Balad, a partner of TV BRICS.

According to the official report, the Kingdom continues to advance its efforts to stimulate investment by developing five new Special Economic Zones, focusing on key non-oil sectors.

The report noted that the zones are dedicated to industries such as cloud computing, logistics, automotive manufacturing, shipbuilding, food production, mining, and pharmaceuticals.

Furthermore, the Saudi officials reported that 7,000 investment licenses were granted to Egyptian investors, contributing to the creation of 80,000 job opportunities in Saudi Arabia. (TV BRICS/NAN)