Saudi Arabia is largest investor in Egypt: analyst ...Egypt

Saudi Arabia is the largest investor in Egypt, and Cairo is considered the largest Arab partner to the kingdom according to economic analyst Mohamed Abdel Wahab. Egyptians in Saudi Arabia pump nearly US$10 billion annually into the Egyptian economy, Abdel Wahab, said, adding that relations between Saudi Arabia and Egypt are growing significantly, Saudi Arabia had recently announced placing a five billion dollar deposit in the Central Bank of Egypt. During a Tuesday telephone interview with presenter Mohamed Mansour, on the “Al Ro’ya” (Vision) program, Abdel Wahab explained that the recent visit of Saudi crown prince Mohammed bin Salman included the signing of agreements to establish projects

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