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Buckingham Palace had sought government advice earlier this month about the summit, Number 10 advised against the King attending in person.
The Egyptian government's statement came after the UK's King Charles decided he will not attend the COP27 climate summit that will be held in November.
Analysis: The heir to the UK throne - who enjoys very close relations with Gulf monarchies, in particular Saudi Arabia - no longer wants to help sell weapons, according to a new biography.
Analysis: Despite the moral costs of rehabilitating the crown prince's image, France's president will probably not be the last Western head of state to meet MBS in Saudi Arabia.
Analysis: In the aftermath of the Charlie Hebdo attack, France has taken the initiative to repair its damaged relations with Morocco.