Alwaleed bin Talal agrees to invest more than $800m in Egypt

CAIRO - August 2017: Minister of Investment and International Cooperation Sahar Nasr agreed on Sunday with Saudi businessman Prince Alwaleed bin Talal to invest more than USD 800 million in Egypt.

The announcement was made in a meeting between Nasr and the Saudi Prince in the Red-Sea resort city of Sharm El Sheikh.

During the meeting, they discussed increasing the investments of the prince in many fields, mainly the hotel, media and aviation sectors.