Egypt and Saudi Arabia agree $16 billion investment fund

Egypt's President Abdel Fattah al-Sisi and Saudi Arabia's King Salman review the honour guards in Cairo, Egypt, in this handout photo received April 7, 2016. (Reuters)

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.


Last Update: Wednesday, 20 May 2020 KSA 09:48 - GMT 06:48