The situation hasn’t changed much since Egypt was a monarchy during the era of the Fouad and then Farouq and when it turned into a republic following a revolution and then became socialist. This was followed by the era of Anwar al-Sadat and the Camp David Accord, and of Hosni Mubarak and Mohammad Mursi of the Brotherhood. Saudi Arabia and Gulf countries have always considered Egypt a basic pillar in their strategic calculations.
https://english.alarabiya.net/en/views/news/middle-east/2016/04/12/Egypt-s-strategic-importance-to-the-Gulf-region.html
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