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Egypt, Saudi Agree on Increasing Investment, MENA Reports

July 12 (Bloomberg) -- Saudi Arabia agreed to increase Saudi investment in Egypt and provide more job opportunities for Egyptians, the official Egyptian Middle East News Agency reported, citing Yasser Ali, a spokesman for Egypt’s President Mohammed Mursi.

Talks between Mursi and Saudi crown prince Salman bin Abdulaziz also covered ways of overcoming obstacles facing Saudi investors in Egypt, MENA said.

To contact the reporter on this story: Dahlia Kholaif in Kuwait at dkholaif@bloomberg.net.

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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