Egypt's Prime Minister Mostafa Madbouly said on Thursday that a planned Saudi Arabian investment of $5 billion in Egypt is independent of funds the Gulf state has deposited in the country's central bank,

Saudi Crown Prince Mohammed bin Salman has instructed the Saudi Public Investment Fund to invest $5 billion in Egypt. This investment is termed as the 'first stage', following a meeting between Egyptian Prime Minister Mostafa Madbouly and the crown prince in Riyadh.

Egypt said Saudi Arabia’s crown prince has directed the kingdom’s sovereign wealth fund to invest an initial $5 billion in the North African country.Most Read from BloombergEnergy Transfer Says Blast Occurred on Texas NGL LineHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceAn Affordable Nomadic Home Design Struggles to Adapt to Urban LifeUS Driving and Congestion Rates Are Higher Than EverAn Artist Reimagines the Spaces of Childhood,

The Egyptian cabinet said in a statement on Monday that Saudi Crown Prince Mohammed bin Salman has directed the Saudi Public Investment Fund (PIF) to pump $5 billion worth of investment money into Egypt in what it called a "first stage".

Saudi Crown Prince Mohammed bin Salman has directed the Saudi Public Investment Fund to invest $5 billion into Egypt. This announcement follows a meeting between Egyptian Prime Minister Mostafa Madbouly and the Crown Prince,

Saudi Crown Prince Mohammed bin Salman has directed his country's sovereign wealth fund to invest $5 billion in Egypt, Cairo's cabinet announced on Monday. Egypt said the $5 billion injection would be the “first phase” of Saudi investments through its Public Investment Fund.