Cairo-Mubasher: The UAE has pledged $4 billion to boost Egypt’s economy, of which half will be allocated for investment in development in Egypt, while $2 billion as a central bank deposit, the UAE state news agency WAM reported on Friday.
The move came at the end of a visit of Abu Dhabi's crown prince, Sheikh Mohammed bin Zayed al-Nahayan, to Egypt on Friday.
“This support comes in the framework of strategic co-operation and co-ordination between the two countries,” said WAM.
The money was aimed at promoting development in Egypt, which has a "pivotal role" in the region, WAM quoted Sheikh Mohammed as saying.
