Saudi crown prince concludes Egypt visit, heads to Jordan

The 2 international locations signed 14 funding offers price $7.7 billion in fields together with infrastructure, renewable vitality and the pharmaceutical trade, in keeping with Saudi Commerce Munster Majid bin Abdullah Al Qasabi.

All of the offers save one are personal sector agreements. They embody a $1.5 billion deal between Saudi Arabia’s Acwapower and Egypt’s state-run electrical energy firm to construct a wind energy plant, in keeping with Egypt’s Cupboard.

A joint assertion additionally mentioned Saudi Arabia would lead efforts to inject $30 billion of investments in Egypt. The assertion didn’t elaborate.

Bin Salman arrived in Cairo on Monday night on the primary leg of his regional tour, which incorporates stops in Jordan and Turkey. The crown prince obtained a heat welcome in Cairo: El-Sissi was on the airport for each his arrival and departure.

Bin Salman departed Cairo on Tuesday for Amman for talks with King Abdullah II of Jordan, who can even attend a Saudi Arabia-hosted summit with the American president. The summit will embody the leaders of the Gulf Cooperation Council, Iraq and Egypt.

Biden is scheduled to go to Saudi Arabia on the tail finish of his July 13-16 Center East journey that features stops in Israel and the occupied West Financial institution.