Trade between Egypt and Saudi Arabia has surged to approximately USD 6.5 billion (EGP 327 billion) in 2024, reflecting a growth of 32.7 percent from USD 4.9 billion (EGP 246 billion) during the same period last year. This increase highlights the stable economic collaboration between the two nations, with both exports and imports contributing mainly to this growth. Osama Basha, the Commercial Minister Plenipotentiary and Head of the Egyptian Commercial Office in Saudi Arabia, announced these figures during his farewell celebration organized by the General Union of Egyptians Abroad in Saudi Arabia. Basha emphasized that Egypt now ranks as the seventh largest trading partner of Saudi Arabia, a testament to the strengthening economic ties between the two countries. Data from the Central Agency for Public Mobilization and Statistics in Egypt reveals that Egyptian exports to Saudi Arabia amounted to approximately USD 2.2 billion (EGP 110 billion) in the first eight months of 2024, up from USD 1.7 billion (EGP 85 billion) in 2023, representing a growth rate of 29.4 percent. Conversely, imports from Saudi Arabia increased to USD 4.3 billion (EGP 216 billion), a rise from USD 3.2 billion (EGP…
