Middle East Economic Survey

VOL. XLVIII

No 48

28-November-2005

REGIONAL

Egypt And Saudi Arabia Set Up Joint Investment Fund

Egypt and Saudi Arabia have agreed to set up a joint investment fund capitalized at $250mn to assist investors from both countries to establish joint industrial projects in their respective countries, following recent talks in Cairo between Saudi Crown Prince and First Deputy Prime Minister, Sultan ibn 'Abd al-'Aziz, and the Egyptian Prime Minister, Ahmad Nadhif. According to...