Crown Prince Sultan bin Abdulaziz, the Deputy Premier, Defense and Aviation Minister and Inspector General, and Egyptian Premier Dr. Ahmad Nazeef agreed in a session of talks held here today on setting up joint investment funds with a capital of $ 250 million and on enhancing commercial, investment and tourism cooperation between the two countries. In a statement to reporters, Egyptian Cabinet's Spokesman Dr. Majdi Radhi pointed out that during the session they reviewed all topics of mutual interest particularly in the economic, commercial and investment fields. He noted that the Kingdom of Saudi Arabia is one among the biggest investors in Egypt, adding that there have been various Egyptian investments in the Kingdom. Chairmen of Investment Commissions in the two countries will hold periodical meetings to discuss aspects of investment cooperation between the Kingdom and Egypt, Dr. Radhi said. There are promising opportunities before Saudi investors in Egypt in the coming period, the spokesman quoted the Egyptian Minister of Investment as saying, citing numerous fields of investment including tourism, real estate, rehabilitation, construction and capital market. --More 2016 Local Time 1716 GMT
