Saudi Arabia’s Crown Prince Mohammed Bin Salman showed generosity during his first visit to Egypt Sunday as the two nations have signed agreements to activate a 60 billion Saudi riyal ($16 billion) investment fund, agreed upon in 2016.
The Crown Prince and President Al-Sisi have also set up a joint fund to develop the planned megacity in the South Sinai and another deal on environmental protection.
In a meeting held at the presidential Palace in Cairo, the Crown Prince and President El Sisi reviewed strategic bilateral relations and discussed developments in the region, with focus on security and stability and the fight against terrorism.
Prince Mohammed is also scheduled to meet Prime Minister Sharif Ismail, the parliament speaker Ali Abdel-Aal, the grand Sheikh of Al-Azhar, Ahmed Tayeb and Pope Tawadros, the head of the Egyptian church.
After Cairo, the Crown Prince will visit the United Kingdom on March 7 to meet with British Prime Minister Theresa May.