The Saudi-Egyptian Business Council plans to increase investments to USD 51 bn across Egypt’s agricultural, industrial, tourism, energy and real estate sectors, as well as the Suez Canal Development, Invest-Gate reports.

“The government is amending its major laws and general legislation that would provide a regulatory framework for investors,” Minister of Investment and International Cooperation Sahar Nasr says on the sidelines of the 42nd meeting of the Islamic Development Bank Group (IsDB) in Saudi Arabia.

Saudi investors have expressed optimism about the improvement of Egypt’s investment climate.