Saudi Arabia continues to pour billions into Egypt
Doron Peskin, Middle East Expert 22.06.2022
Saudi Crown Prince Muhammad bin Salman ends his visit to Egypt today. The visit is part of the players' preparations in the region for President Biden's visit next month.
In this context, the Saudis opened (again) the wallet to help the Egyptian economy. It was announced today that $ 7.7 billion in investment agreements had been signed on the sidelines of the visit.
Among the projects is a plan to build what is defined as the largest wind energy project in the Middle East at a total cost of $ 1.5 billion to be carried out by the Saudi company Aqua Power.
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