During a meeting in Riyadh, Saudi Crown Prince Mohammed Bin Salman announced a USD 5 billion investment in Egypt through the Kingdom’s Public Investment Fund (PIF), alongside Egyptian Prime Minister Dr. Mostafa Madbouly.
The leaders discussed enhancing bilateral relations and economic ties between their countries. Prime Minister Madbouly highlighted ongoing efforts to finalize an agreement protecting joint investments, which aims to boost mutual investments. He noted the presence of numerous Egyptian investment companies in Saudi Arabia and significant Saudi investments in Egypt.
The Crown Prince praised Egypt’s initiatives to address Saudi investor concerns and resolve trade disputes, which enhances investment attractiveness from the Kingdom.