Egypt is examining broader opportunities for its petroleum and engineering companies to participate in Saudi Arabia’s NEOM project, following an official visit by Minister of Petroleum and Mineral Resources Karim Badawi to the Kingdom, as per a statement by the Egyptian Ministry of Petroleum and Mineral Resources.

Badawi led a high-level delegation that included the heads of Petrojet and Enppi, the Ministry’s Undersecretary for Projects, and the Vice President of Gas Egypt. The visit focused on increasing the involvement of Egyptian firms in energy and infrastructure projects in Saudi Arabia, expanding cooperation in the petroleum and mining sectors, and encouraging Saudi investment in Egypt.

The delegation met with NEOM CEO Aiman Al-Mudaifer and senior company officials to review developments in the NEOM project and the opportunities available within the framework of Saudi Vision 2030.

The visit concluded with an agreement to form joint working groups to examine cooperation opportunities and explore pathways for a strategic partnership between the Egyptian petroleum sector and NEOM.

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