Saudi King Salman held bilateral talks with President Abdel Fattah al-Sisi in Riyadh on Wednesday, Nov. 11, 2015. . (SPA)

Saudi Arabia and Egypt agreed on Wednesday to establish a coordination council tasked to implement the “Cairo Declaration,” which outlines facets of cooperation between the two states.

The announcement followed bilateral talks between Saudi King Salman bin Abdulaziz and Egyptian President Abdel Fattah al-Sisi on the sidelines of the fourth Summit of Arab-South American countries, which ended today in Riyadh.

The two heads of state discussed a number of issues on the summit’s agenda, in addition to efforts to promote common coordination between Arab and South American countries, the official Saudi News Agency said.

Following that, minutes to establish a Saudi-Egyptian Coordination Council were singed by the Saudi Minister of Foreign Affairs Adel Al-Jubeir and his Egyptian counterpart Sameh Shoukry.

The council will work on the implementation of the “Cairo Declaration” announced earlier in July and its attached executive annex, SPA said.

The “Cairo Declaration” includes the following components:

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 destabilization.

6. Defining the maritime borders between the two countries.

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