During the conference, Prime Minister Madbouly shared updates following a recent government meeting, with a focus on strategic developments between Egypt and Saudi Arabia as well as the country’s economic outlook.
The signing took place on Tuesday and underscores both countries' commitment to enhancing trade and investment cooperation, especially as Egypt seeks to address its ongoing economic challenges.
El-Sisi emphasized the depth and strategic importance of the relationship between Egypt and Saudi Arabia during his meeting with the Saudi Crown Prince, especially in light of the regional threats.
Saudi state media confirmed the Crown Prince's departure for Egypt, though further details about the discussions have not been disclosed.
The maximum capacity of the line, which will exchange electricity between Egypt and Saudi Arabia according to the needs of the two countries, is about 3,000 megawatts.