Saudi Arabia, Egypt 調印する $10bn mega city 取引,協定: source

A handout picture released by the Egyptian Presidency on March 4, 2018 shows Egyptian President Abdel Fattah al-Sisi (R) welcoming Saudi Arabia's Crown Prince Mohammed bin Salman upon his arrival in Cairo

A handout picture 解放(する)d by the Egyptian 大統領/総裁などの地位 on March 4, 2018 shows Egyptian 大統領 Abdel Fattah al-Sisi (R) welcoming Saudi Arabia's 栄冠を与える Prince Mohammed 貯蔵所 Salman upon his arrival in Cairo

Saudi Arabia and Egypt have 始める,決める up a $10 billion 共同の 基金 to develop a mega city, a Saudi 政府 source said Monday, as 栄冠を与える Prince Mohammed 貯蔵所 Salman visits Cairo.

The 取引,協定 is 目的(とする)d at developing the Egyptian 味方する of NEOM, the futuristic 事業/計画(する) またがるing Saudi Arabia and Jordan which was 明かすd by Prince Mohammed last October as part of 計画(する)s to diversify the kingdom's oil-扶養家族 economy.

"Saudi Arabia 調印するd (an) 投資 協定 with Egypt to develop Egyptian lands in the south of Sinai to be part of the NEOM 事業/計画(する)," the 政府 source told AFP.

"Saudi Arabia and Egypt have 始める,決める up a 共同の 基金 of equal 株 valued at more than $10 billion. The Egyptians' 株 構成するs a 賃貸し(する)d land for (the) long 称する,呼ぶ/期間/用語."

Prince Mohammed's visit to Cairo is the first 脚 of his maiden foreign 小旅行する as 相続人 to the Saudi 王位.

The NEOM 取引,協定 強調するs growing 戦略の 関係 between the Arab world's richest and the most populous 明言する/公表するs -- Saudi Arabia and Egypt -- who are both …に反対するd to Iran's 影響(力) in the 地域.

Egypt is 名目上 part of a Saudi-led 軍の 連合 which 介入するd in Yemen in March 2015 to fight Iran-支援するd Huthi 反逆者/反逆するs.

The two 同盟(する)s are also part of a 圏 of nations that has ボイコット(する)d Qatar since June over 申し立てられた/疑わしい 関係 to Islamic 極端論者s and Iran.

Prince Mohammed's visit comes ahead of Egypt's 大統領の 投票s, scheduled for late March, with 現職の Abdel Fattah al-Sisi 推定する/予想するd to 勝利,勝つ a second four-year 称する,呼ぶ/期間/用語.

The powerful 栄冠を与える prince is 推定する/予想するd in Britain on Wednesday for 会談 with 総理大臣 Theresa May and in the 部隊d 明言する/公表するs from March 19 to 22.

He is also 推定する/予想するd to visit フラン in the coming weeks.

The $500-billion NEOM, meaning "new 未来" in a combination of English and Arabic abbreviations, is planned to be a biotech and 数字表示式の 中心 spread over 26,500 square kilometres (10,000 sq miles) in an area 直面するing Jordan and Egypt.

Sorry we are not 現在/一般に 受託するing comments on this article.