Egypt looking forward to developing ties with SFD

Minister of Investment and International Cooperation Sahar Nasr asserted that Egypt is always looking forward to developing relations with the Saudi Fund for Development (SFD).

This comes in light of the historic ties between both sides, she said.

The current cooperation portfolio between Egypt and the SFD reached $ 2.5 billion involving 23 projects.

This came during Nasr's meeting with Vice Chairman and Managing Director of the SFD Yousef Ibrahim al Bassam on the sidelines of the annual meeting of the World Bank in Washington.

Both sides discussed the SFD's funding to the entrepreneurship program in Egypt that aims at supporting the emerging companies.

Nasr also conferred with Jordanian Minister of Planning and International Cooperation Imad Fakhoury on coordination between both countries and the Arab states to support joint projects especially those that work on empowering women.

Fakhoury asserted Jordanian support to Egypt, asserting that there will be no stability in the Arab world unless there is stability in Egypt.