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HomeInvestmentSaudi-Egyptian $5 Billion Investment Deal

Saudi-Egyptian $5 Billion Investment Deal

Crown Prince and PM discuss enhancing bilateral relations and economic cooperation

September 17, 2024
in Investment
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The Saudi Arabian Crown Prince, Mohammed bin Salman Al Saud, and Egyptian Prime Minister, Mostafa Madbouly, met in Riyadh to discuss enhancing bilateral relations.

The discussions focused on cooperation strategies to advance mutual interests. Madbouly, who led a high-level delegation, engaged with several Saudi ministers during his visit, aiming to attract Saudi investments and bolster economic cooperation.

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Following the meeting, the Egyptian Cabinet announced a Saudi commitment of five billion U.S. dollars in initial investments to Egypt, managed by the Saudi Public Investment Fund under the crown prince’s directives.

Madbouly concluded his Saudi visit after these significant discussions.

Tags: Bilateral Relationseconomic cooperationEgyptSaudi investmentsSaudi Public Investment Fund
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