Egypt and Saudi Arabia agree $16bn investment fund

GMT 06:40 2016 Sunday ,10 April

Arab Today, arab today Egypt and Saudi Arabia agree $16bn investment fund

President Abdel Fattah al-Sisi
Cairo - Arab Today

Egyptian President Abdel Fattah al-Sisi and Saudi King Salman on Saturday oversaw the signing of several agreements, including a $16 billion investment fund, as the monarch visited Egypt for a third day.

A live Egyptian state television broadcast showed an official announcing the deals, signed by a representative of each country and in the presence of the two heads of state at a Cairo palace.

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