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Egyptian President al-Sisi meets Saudi Crown Prince amid quest for financial aid

  • Both Egypt and Saudi Arabia possess significant influence within the Arab, Islamic, and international spheres.
  • The similarity between Egyptian and Saudi policies leads to alignment on several global, Arab, and Islamic issues.

CAIRO, EGYPT – Egyptian President Abdel Fattah al-Sisi met Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud at Ramadan Suhoor-meal table in Jeddah early Monday.

The trip came as Egypt seeks financial support to alleviate pressure on its currency and strengthen its struggling economy.

During the fraternal meeting, both sides reviewed the close and historical bilateral relations between the two brotherly countries, prospects for joint cooperation and ways to enhance and develop them in various fields.

They also discussed developments in the regional and international situation and the efforts exerted in addressing them, in addition to tackling all issues of common concern.

From the Saudi side, the meeting was attended by the Saudi Minister of State, Member of the Cabinet, and National Security Adviser Dr. Musaed bin Mohammed Al-Aiban, and Minister of State and Cabinet Member Dr. Essam bin Saad bin Saeed. Egypt’s General Intelligence Director Major General Abbas Kamel was also present.

On Monday, Saudi newspaper Okaz had highlighted the growth of Egyptian-Saudi relations across various sectors, emphasizing that these ties have been crucial for the stability of the Arab world and the entire Middle East region.

The report noted the strong and enduring nature of the relationship, as both countries possess significant influence within the Arab, Islamic, and international spheres.

The similarity between Egyptian and Saudi policies leads to alignment on numerous global, Arab, and Islamic issues.

The Okaz report stated, “Bilateral relations between the Kingdom of Saudi Arabia and Egypt are witnessing remarkable development, as they are historical relations based on strategic cooperation and continuous coordination between the two countries, which represent the poles of relations and interactions in the Arab region.”

In December, Egypt signed a US$3 billion rescue plan with the International Monetary Fund, targeting US$9.7 billion in foreign direct investment for the financial year ending in June 2023.