Saudi Arabia will pump 30 billion riyals in five years to support Egypt's housing, tourism, agricultural and power sectors, Egypt's Investment Minister Ashraf Salman said on Tuesday.
This came on the sidelines of the third meeting of the Egyptian-Saudi Coordination Council, which was held in Riyadh with the participation of several Egyptian ministers.
Saudi Arabia is the biggest Arab investor in Egypt, he said.
Salman expected trade and economic ties between the two countries to develop in the coming period.
The meeting was held in implementation of the directives of Egyptian President Abdel Fattah El Sisi and Saudi King Salman bin Abdulaziz Al Saud.
GMT 13:23 2016 Thursday ,07 January
Kingdom and Sudan discuss trade relationsMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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