Saudi-Egyptian Business Council seeks to revive troubled Saudi investments in Egypt

Egypt: The Saudi-Egyptian Business Council is set to begin negotiations with the Islamic Development Bank (IDB) to finance Saudi investment projects that have been stalled recently period in Egypt, Arab News has reported. “Despite solving the issues stalling the operations of 14 out of 24 projects under the previous government, the council faces uncertainty about the applicability of such solutions under the new government, after the departure of ousted President Muhammed Mursi and his government,” said head of the council, Abdullah Bin Mahfouz. []

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