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Saudi Arabia pledges $4 bn in economic aid to Egypt

Ahram Online , Friday 13 Mar 2015

Muqrin bin Abdul-Aziz
Saudi Crown Prince Muqrin bin Abdul-Aziz, second right, and Sheikh Mohammed Bin Rashid al-Maktoum, ruler of Dubai, right, arrive at an economic conference (Photo: AP)

Crown Prince Muqrin bin Abdel-Aziz of Saudi Arabia announces in his speech at the Egypt Economic Conference that the kingdom will extend $4 billion in financial aid and private investments to Egypt, including a $1 billion deposit in Egypt’s Central Bank.

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