Fourth meeting of Egyptian-Saudi Coordination Council kicks off

The Fourth Meeting of the Egyptian-Saudi Coordination Council kicked off here at the cabinet premises.

Egyptian Minister of International Cooperation Sahar Nasr chaired the Egyptian side, while Saudi Minister of Finance Ibrahim el Assaf chaired his country's side to the meetings.

The meeting took up the latest developments as regards cooperation between Egypt and Saudi Arabia to support the development and investment projects in Egypt in the coming years.

The meeting reviewed the outcome of the previous meeting held in Riyadh especially the economic and investment cooperation projects that are targeting youths and Egypt's mammoth national projects as part of the 30 billion riyals of Saudi aid to Egypt announced by Saudi King Salman bin Abdel Aziz.

The Saudi Investment Fund will allocate such funds for investments in the housing, tourism and agricultural domains as well as energy and electricity.

Source: MENA