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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Saudi Arabia, Egypt Sign 14 Deals Worth $7.7 Bln

20 June 2022, Egypt, Cairo: Egyptian President Abdel Fattah al-Sisi (R) receives Saudi Crown Prince Mohammed bin Salman in Cairo. (SPA)

Egypt and Saudi Arabia have signed 14 agreements valued at $7.7 billion during a visit to Cairo by Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, Egypt's General Authority for Investment and Free Zones said in a statement on Tuesday.

Deals signed on Tuesday included an agreement between Saudi Arabia's ACWA Power and the Egyptian Electricity Holding Company to produce and transmit 1100 MW of windpower, the authority's statement said.

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