The meetings were held to cast a spotlight on the latest developments in the Egyptian economy.

In a statement Monday, the FRA said that the promotional tours coincide with the announcement of the Egyptian government about its intention to CAIRO, Feb 20 (MENA) - As part of their promotional visits to Saudi Arabia and the UAE, an Egyptian delegation grouping executive leaderships of the Financial Regulatory Authority (FRA), the Central Bank of Egypt (CBE) and the Egyptian Exchange (EGX) held a series of meetings with as many as 20 mega investment institutions in Riyadh, Dubai and Abu Dhabi.

The meetings were held to cast a spotlight on the latest developments in the Egyptian economy.

In a statement Monday, the FRA said that the promotional tours coincide with the announcement of the Egyptian government about its intention to sell stakes in 32 state-owned companies in order to activate the State Ownership Policy Document.

Riyadh was the first stop of the promotional tour, as meetings were held with seven Saudi investment institutions, said the statement, adding that meetings also were held in Dubai and Abu Dhabi.

The meetings tackled the latest developments in the national economy, as well as the policies which are implemented by the Egyptian government to provide a climate conducive to investment, according to the statement