Saudi Arabia Agrees $7.7 Billion of Deals with Egypt

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Saudi Arabia and Egypt signed 14 agreements valued at $7.7 billion during a visit to Cairo by Saudi Crown Prince Mohammed bin Salman. The deals cover sectors that include renewable energy, green hydrogen, pharmaceuticals and e-commerce.Saudi Arabian investment in Egypt’s private sector has exceeded $35 billion and is expected to increase by about $10 billion in the next five years.