Saudi Arabia and Egypt Agree to More Cross-Border Investment
Posted on 03/23/2016
Saudi Arabia’s Public Investment Fund (PIF) signed a Memorandum of Understanding with the Egyptian investment ministry to encourage Saudi investments into Egypt. Riyadh-based PIF could invest up to 30 billion Saudi riyals (US$ 8 billion) in Egypt’s energy, housing and tourism sectors. Egypt’s government plans to propose projects for the PIF to invest in. These […]
