Egypt offers key projects to Saudi Arabia

Egypt offers key projects to Saudi Arabia

The government offered tourism projects in the Red Sea resort of Sharm El Sheikh.


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Published: Mon 28 Dec 2015, 8:39 PM

The Egyptian government offered tourism and housing projects to Saudi Arabian funds, a government official said, as part of planned investments by the kingdom to help Egypt's dollar-starved economy.
The government offered tourism projects in the Red Sea resort of Sharm El Sheikh, as well as a mixed-use real-estate project west of Cairo on a partnership basis, said the official, who asked not to be named because the details aren't public. Saudi funds are studying the proposed projects, the official said.


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