Saudi Arabia's Public Investment Fund (PIF) is set to invest $5 billion in Egypt as part of an initial phase of enhancing bilateral economic cooperation. This investment, directed by Crown Prince Mohammed bin Salman, was announced following his meeting with Egyptian Prime Minister Mostafa Madbouly. The funding aims to foster mutual growth by supporting sectors like infrastructure, technology, and energy, and to create a stable environment for Saudi investors. This initiative is part of Saudi Arabia's broader strategy to expand its portfolio in Egypt, reflecting a commitment to resolving trade disputes and protecting investments. This move is seen as a step towards achieving Egypt's goal of tripling foreign direct investment to $30 billion in the current financial year. The investment is expected to facilitate partnerships in industrial and agricultural production between the two countries' private sectors.