Egypt, Saudi Arabia sign about $16m investment fund pact

Описание к видео Egypt, Saudi Arabia sign about $16m investment fund pact

Egypt and Saudi Arabia signed an agreement to set up a 60 billion Saudi riyal (about $16m) investment fund including an economic free-zone to develop Egypt's Sinai region.

The agreement was signed in Egypt's Abdeen palace in the presence of the country's president, Abdel Fattah al-Sisi and Saudi's King Salman during his four-day visit to the North Africa country.

Egypt has struggled to encourage economic growth in the country since the 2011 uprising ushered in political instability.

This ha…
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