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Egypt%2C+Saudi+Arabia+sign+60+billion+Saudi+riyal+investment+fund+pact
Sunday, 10 April 2016 - 8:53
Egypt, Saudi Arabia sign 60 billion Saudi riyal investment fund pact
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Egypt and Saudi Arabia signed an agreement late on Saturday to set up a 60 billion Saudi riyal investment fund, Egyptian state television reported.

The agreement was signed during a rare visit to Egypt by Saudi King Salman.

Egyptian state TV said the agreement was to establish "a Saudi-Egyptian investment fund with a capital of 60 billion riyals between the Saudi Public Investment Fund and the entities belonging to it and the Egyptian government and the entities that belong to it."

 

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