Kingdom,
P.K. Abdul Ghafour, Arab News
JEDDAH, 12 November 2007 — Custodian of the Two Holy Mosques King Abdullah returned to Riyadh yesterday at the conclusion of a successful six-nation tour, which saw the signing of several vital accords with Britain, Italy, Germany and Turkey and a historic meeting with Pope Benedict XVI.
The king held two rounds of talks with Egyptian President Hosni Mubarak in
In a statement after talks between King Abdullah and Mubarak on Saturday night, Awad said the two countries fervently hoped the upcoming conference would succeed. “Its success will be in the interest of the region’s peace, security and stability,” the Saudi Press Agency quoted the presidential spokesman as saying. He said the
“Our stance on the conference is very clear. We welcome this meeting which is being held several years after the freezing of the peace process.” However, the two countries insisted that the conference should set a time frame for serious negotiations on core issues, opening the way for dealing with other tracks of the peace process including the issue of the occupied Syrian Golan Heights.
Awad emphasized the intent of both
Awad said the roles of
In a related development, Egyptian Trade and Industry Minister Rasheed Mohammed Rasheed said the king’s two-day state visit to
He emphasized the Egyptian government’s desire to encourage Saudi and Egyptian investors to establish projects in both countries. “We have established an investment unit in the Kingdom to highlight opportunities in
Rasheed said the last meeting of the Saudi-Egyptian Business Council had agreed to establish a joint company with a capital of 500 million Egyptian pounds to support joint ventures. A number of Saudi companies are now planning to establish new projects in industry, agricultural, petrochemicals, textiles and hotel industry.
On arrival at
Source: Arab news
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