Saudi Arabia intends to invest about $8 billion in various economic sectors in Egypt, which will ease the Egyptian economy's wheels amid the global crisis.
RIYADH: Saudi Arabia and Egypt have signed 14 investment deals worth $7.7 billion, the Saudi Minister of Trade, Majid Al-Qasabi announced. The two countries have also agreed three Memorandums of Understanding, Al-Qasabi revealed during a meeting of the Egyptian-Saudi Business Council. The deals include a cooperation agreement to build Egypt Center for Petroleum and Petroleum