3.7 billion LE in Saudi investment in Egypt

A Saudi statement issued today said that the volume of Saudi investments in Egypt reached 3.7 billion LE through 332 projects in industry, real estate, services and tourism. The statement said the facilities presented by the Egyptian government to investors helped the Saudi investment volume reach 30% of the Arab investments in Egypt, adding that there are many new agreements for joint cooperation between the two states that will be implemented during the current year to increase the volume of commercial exchange, which reached 560 million LE during the last two years.