Egyptian-Saudi Business Council pledges to help raise Saudi investments in Egypt to USD 51 bn: Investment Minister Sahar Nasr has reportedly gotten the Egyptian-Saudi Business Council to push for raising Saudi investments in Egypt to USD 51 bn, according to a ministry statement on Thursday. Nasr apparently lobbied for the investments to be geared towards agriculture, tourism, renewable energy, education and manufacturing. The news came out of Saudi’s Future Investment Initiative conference.

On a related note, Nasr signed an MoU with HSBC Egypt which would see the bank help promote investments in Egypt, according to a statement from the ministry.

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