Nazer highlights deep-rooted Saudi-Egyptian relations 2 Cairo

Nazer lauded the wise management of the oil wealth by the Saudi
leaderships and its proper utilization for the service of the Saudi
citizens and in implementation of gigantic projects for modernization
of life in the county in a short span of time.

He also pointed out that the decision of establishing the Royal
Commission for Jubail and Yanbu was aimed at lessening the sole
dependence of the Kingdom on crude oil and starting heavy and medium
industries in the sector of petrochemicals taking the advantage of
the unlimited support of the Saudi leadership.


Jubail and Yanbu industrial cities have become an economic miracle,
he said.

He urged the Egyptian investors to visit the two cities and look for
investment opportunities there.

The Kingdom is keen on benefiting from oil for the development of
petrochemical industry and benefiting from petroleum derivatives in
addition to developing other sectors like tourism, Hajj and Umrah
(minor Hajj) as well as developing the projects of the Two Holy
Mosques and the Holy Places for the service of the pilgrims and
visitors of the Prophet's Mosque.

Nazer said all expatriates in the Kingdom are subject to certain
systems which guarantee the rights of the employers and employees and
there are courts which settle disputes which might arise.

At the end of the seminar Mayan Arsalan, the Chairwoman of Royal
Cairo Rotary extended a memorial gift to Nazir.


The function was attended by a number of officials and Arab
diplomats, businessmen and media men.


--SPA