Cairo: Egypt's Investment and Foreign Trade Minister Hassan El-Khatib on Monday, October 6, 2025, chaired the first meeting of the Economic Committee of the Egyptian-Saudi Supreme Coordination Council, marking a key step toward deepening trade and investment cooperation between the two countries.According to State Information Service Egypt, El-Khatib emphasized the shared commitment of Cairo and Riyadh to strengthening strategic economic ties and expanding joint investments. Both sides identified new opportunities for sustainable development and regional integration. Saudi investments in Egypt currently total around $25 billion, positioning the Kingdom as one of Egypt's largest investors. El-Khatib noted that approximately 90 percent of investor-related issues have been resolved, as the government aims to bolster investor confidence and encourage new inflows.The minister highlighted the importance of activating the Egyptian-Saudi Joint Business Council and advancing the joint investment agreement signed l ast year to further diversify bilateral trade. The committee's work will focus on five key pillars: enhancing trade balance, coordinating investments between Egypt's Sovereign Fund (TSFE) and Saudi Arabia's Public Investment Fund (PIF), fostering industrial collaboration across 28 priority sectors, improving customs, transport, and logistics connectivity, and expanding cooperation in digital trade and electronic payments.El-Khatib stated that the meeting represents an important milestone in consolidating the Egypt-Saudi economic partnership and laying stronger foundations for sustainable growth and regional integration.