Saudi Ambassador to Egypt praises Saudi-Egyptian relations

Cairo, May 11, SPA -- Saudi Ambassador to Egypt Hisham bin Mohieddin
Nazir has stressed that the relations between the Kingdom of Saudi
Arabia and Egypt are deep-rooted.

During a symposium organized by the Garden City Lions Club last night
under the theme "Saudi-Egyptian Relations in Light of International
Developments", the Saudi Ambassador said the Kingdom is now the
largest investor in Egypt, adding that Egyptian workers in the
Kingdom of Saudi Arabia constitute 47% of the Egyptian labor force
abroad.

Regarding the impact of the global financial crisis on the economy of
the Kingdom of Saudi Arabia, the Ambassador said that the global
financial crisis affected all countries without exception, pointing
out that the Kingdom was among the least affected countries by the
crisis.

Asked why the Kingdom has still not abolished the Sponsor System, the
Saudi Ambassador said that there is no such system in the Kingdom,
but in each case a written contract controls the situation between
the employer and the employee, pointing out that there are 1,400,000
Egyptian workers in many government agencies and large companies. He
denies there are serious problems between these agencies or companies
and their Egyptian employees, requesting the media not to exaggerate
the issue.

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