Sisi meets with bin Talal
Abdel Fatah al-Sisi - YOUM7 (Archive)

CAIRO: Presidential candidate Abdel Fatah al-Sisi met Monday with prominent Saudi royal and businessman Prince Al-Waleed bin Talal bin Abdel Aziz, head of the Arab Gulf Program for Development (AGFUND), Youm7 reported.

The two were expected to discuss suggested plans to support investment in Egypt and legislation to encourage foreign investors.

Bin Talal, Chairman of the Board of Kingdom Holding Company, was chosen last week to be among the 100 most powerful Arab figures in 2014 by Gulf Business Magazine. This is his third year in a row making the list.

Since the presidential race began, Sisi has held a number of meetings with economic figures and businessmen to discuss the economic climate in Egypt.

He met Peruvian economist Hernando de Soto on May 13 to discuss the future vision of the informal economic sector in Egypt. De Soto introduced a study suggesting the possibility of empowering the poor by amending the legal system so that citizens’ property rights, estimated at $400 billion, can be preserved.

Additional reporting by Mahmoud Al-Daba

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