Mubasher: Saudi Arabia said it will offer Egypt $20 billion in oil products through the upcoming five years, according to Bloomberg.
The deal will grant Egypt easy payment terms, said government spokesperson.
In January, Saudi Arabia promised to invest 30 billion riyals ($8 billion) in Egypt through its public and sovereign funds. It also agreed to provide $1.5 billion to develop the Sinai peninsula, and granted $200 million of loans for small- and medium-sized enterprises.
