Egyptian President Abdel Fattah El-Sisi and Saudi Defence Minister Mohammed Bin Salman issued what they name the "Cairo Declaration," outlining six facets of cooperation between Egypt and Saudi Arabia.
Following closed bilateral talks between El-Sisi and Bin Salman, the Egyptian presidency issued a statement highlighting the six points of cooperation between the two nations.
The "Cairo Declaration" includes the following components, according to the statement:
1. Development of the military cooperation and working towards establishing the Joint Arab Force.
2. Enhancing the joint cooperation and investment between the two countries in the fields of energy, electricity, and transportation.
3. Achieving economic integration between the two countries and working on making them a key focus of the World Trade movement.
4. Intensifying mutual investments between Egypt and Saudi Arabia, aiming to increase joint projects in both countries.
5. Strengthening cooperation in the fields of politics, culture, and media in order to jointly counter the dangers of the current regional destabilisation.
6. Defining the maritime borders between the two countries.
Maritime borders between Egypt and Saudi Arabia have never been formally defined. The Red Sea, which separates the two countries, is the body that is to be demarcated.
In May, Arab army chiefs-of-staff met and agreed to form a joint Arab military force as was proposed during an Arab League summit in March. The force's efforts intend to combat common challenges, in particular terrorist organizations.
Officials of the two states vowed during the meeting to maintain security for the MENA region.
Bin Salman is expected to leave Cairo on Thursday following his one-day visit and meeting with El-Sisi.
Salman also attended the graduation ceremony of the Egyptian Military Academy, which was attended by most of Egypt’s top ministers and officials.
The oil-rich Saudi kingdom has been a strong ally economically and politically to Egypt since the ouster of Islamist President Mohamed Morsi in July 2013.
It has donated many billions in support to the Egyptian economy since the ouster.