Saudi Arabia to host first GCC-Egyptian Business Forum

Al-Khobar, The Federation of Egyptian Chambers of Commerce (FEDCOC) is scheduled to host the first Gulf-Egyptian Business Forum on November 22 and 23.Held under the theme “Business – Investment – Partnership,” the event is organised by the Federation o…

Al-Khobar, The Federation of Egyptian Chambers of Commerce (FEDCOC) is scheduled to host the first Gulf-Egyptian Business Forum on November 22 and 23.

Held under the theme "Business - Investment - Partnership," the event is organised by the Federation of Gulf Cooperation Council (FGCC) chambers in cooperation with FEDCOC, with support from the Secretariat General of the GCC and the Ministry of Trade and Industry of Egypt. GCC and Egyptian officials, as well as entrepreneurs are slated to attend it.

According to Saudi Press Agency (SPA), the forum will address the most important economic and commercial issues. Most prominent are four sessions: "Investment opportunities in real estate, agriculture, food industry and tourism sectors," "Industrial integration in electricity, water and renewable energy," "GCC-Egyptian cooperation in healthcare, medicine and ICT," and "Cooperation in the areas of training, sharing of technological expertise and education."

GCC countries and Egypt are at the centre of the Arab region, and possess the necessary resources to achieve economic integration thanks to their natural resources, such as agricultural land, pastures, livestock, water, and mineral resources, which are available in Egypt, and financial and oil resources, in the GCC countries.

The volume of trade exchange between the two sides exceeded $12.2 billion in 2022, of which $7.2 billion for GCC exports and $4.7 billion for GCC imports from Egypt.

Source: Bahrain News Agency