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Saudi Arabia’s Public Investment Fund Set to Invest USD 5 Billion in Egypt

Summary by Egyptian Streets
In a step toward bolstering economic cooperation, the Saudi Public Investment Fund (PIF) announced an initial investment of USD USD 5 billion (EGP 103,269,295) (EGP 242 billion) in Egypt on 17 September.  The announcement is part of ongoing discussions to enhance bilateral economic ties, focusing on protecting Saudi investments in Egypt and driving mutual growth. Egypt’s Prime Minister Mostafa Madbouly recently highlighted the ongoing negotiatio…

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The Star Kuala LumpurThe Star Kuala Lumpur

Egypt announces 5-bln-USD investment from Saudi Arabia

CAIRO, Sept. 16 (Xinhua) -- Saudi Arabia will pump 5 billion U.S. dollars into Egypt as a first phase of investment, the Egyptian cabinet said on Monday. Read full story

·Malaysia
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3yonnewsi3yonnewsi

The Saudi Investment Fund is pumping 5 billion dollars into Egypt

Minute News | The Saudi Crown Prince expresses his aspiration to visit Cairo and meet President Sisi at the earliest opportunity.. The Public Investment Fund directs...

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Egyptian StreetsEgyptian Streets

Saudi Arabia’s Public Investment Fund Set to Invest USD 5 Billion in Egypt

In a step toward bolstering economic cooperation, the Saudi Public Investment Fund (PIF) announced an initial investment of USD USD 5 billion (EGP 103,269,295) (EGP 242 billion) in Egypt on 17 September.  The announcement is part of ongoing discussions to enhance bilateral economic ties, focusing on protecting Saudi investments in Egypt and driving mutual growth. Egypt’s Prime Minister Mostafa Madbouly recently highlighted the ongoing negotiatio…

·Egypt
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Horseed MediaHorseed Media

The heir to the Kingdom of Saudi Arabia offered 5 billion dollars for investment in Egypt - Horseed Media

The Crown Prince of Saudi Arabia, Mohammed bin Salman, announced an investment of 5 billion dollars in Egypt's Public Investment Fund (PIF) during a meeting with Egyptian Prime Minister Mostafa Madbouly in Riyadh on Tuesday. The announcement is part of a broader effort to strengthen economic ties between the two countries. Madbouly praised the strong relationship between Cairo and Riyadh. "We are currently working on finalizing the mutual invest…

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worldstagenews.comworldstagenews.com

Saudi Arabia to pump fresh $5b investment in Egypt - Worldstage

Saudi Arabia will pump five billion U.S. dollars into Egypt as a first phase of investment, the Egyptian cabinet said. Saudi Crown Prince and Prime Minister Mohammed bin Salman Al Saud directed the Saudi Public Investment Fund (PIF) to make the investment, the cabinet said in a statement. The announcement came hours after the crown prince met with Egyptian Prime Minister Mostafa Madbouly in Riyadh. The Saudi crown prince praised Egypt’s efforts …

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