Dubai, United Arab Emirates (CNN) – Egyptian President Abdel Fattah Al-Sisi called on Saudi Arabia and the UAE to transfer deposits to investments in Egypt, whether they were joint or from the Gulf side, Monday.
Al-Sisi met with media professionals after opening projects for animal production, and he was asked about the possibility of more cash deposits by Saudi Arabia and the UAE in the Central Bank of Egypt, after Riyadh deposited $5 billion.
The Egyptian president answered the question, saying: “With regard to the brothers in the Gulf, I take the opportunity to thank them for moving with us without asking them to do so,” he said.
Al-Sisi continued, “What do we say on our side? Why don’t we convert these deposits into investments in Egypt, when we have many projects, and the country has 100 million people and has very good opportunities, and we welcome our brothers in the field of investment.”
The Egyptian president emphasized that the investment could be joint and could only be in the Gulf, according to him.