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Egypt, Saudi Arabia sign economic agreements worth $7.7 billion

Saudi Arabia intends to invest about $8 billion in various economic sectors in Egypt, which will ease the Egyptian economy's wheels amid the global crisis.
Egypt industry

CAIRO — On the sidelines of Saudi Crown Prince Mohammed bin Salman’s visit to Egypt, the two countries signed 14 agreements and memoranda of understandings worth $7.7 billion.

While investment groups represented Saudi Arabia, governmental and private agencies represented Egypt.

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