UAE will not be alone at the in a new wave of Gulf investments in the North African nation. During the Cairo visit of Saudi Crown Prince Mohammed bin Salman (MBS) some 14 deals worth $7.7bn were signed in vital sectors in Egypt, including energy, food, and fintech. A joint statement later said Saudi Arabia is determined to lead $30bn investments in the most populous Arab country, without disclosing further details.

Source: The North Africa Journal July 04, 2022 05:20 UTC