Saudi Arabia to Deepen Investments in Egypt ...0

Egyptian Streets - News
Saudi Arabia to Deepen Investments in Egypt
source : Egyptian Streets ( Egypt ) () 38
In a meeting with Egyptian government officials on Thursday, Saudi Investment Minister Khalid Al-Falih announced the kingdom’s intention to escalate investments from the Public Investment Fund (PIF) in Egypt. Al-Falih highlighted plans to convert Saudi deposits in Egypt into investments. Over two days of intensive discussions in Alamein, described as a “hive of activity,” Saudi officials worked closely with Egyptian ministers to explore numerous joint ventures to strengthen bilateral relations, according to Egypt’s Cabinet. “I will collaborate with my counterpart, the Egyptian Minister of Investment, to enhance these investments and encourage Saudi investors to expand their existing projects

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