Egypt offers key projects to Saudi Arabia

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

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.

• Saudi Arabia
• MENA