Egypt and Saudi Arabia coordinate to set donors conference
Minister of International Cooperation Naglaa el-Ahwany - YOUM7 (Archive)

CAIRO: Minister of International Cooperation Naglaa el-Ahwany has announced the Egyptian and Saudi governments are currently coordinating to hold a donors conference to help Egypt overcome its ongoing economic difficulties, MENA reported Thursday.

Following the announcement of Egypt’s High Presidential Elections Committee (HPEC) that Abdel Fatah al-Sisi had won the presidential election, Saudi King Abdullah bin Abdul Aziz called on leaders of Arab and Muslim countries to hold such a conference in order to raise funds for Egypt’s battered economy.

Ahwany said that Egypt hopes to improve relations with donor countries and international donor organizations.

Since the ouster of former President Mohamed Morsi on July 3, Saudi Arabia pledged $5 billion in aid to Egypt to compliment an additional $7 billion provided by the United Arab Emirates and Kuwait.

In a televised interview with Sky News Arabia days before his inauguration, Sisi praised the stances of the Gulf states during Egypt’s transitional period and vowed to protect “brothers in the Gulf countries” from any potential military attack.

Egypt’s parliamentary election, the third and final step of the country’s road map announced by Sisi following the ouster of Morsi, will take place in mid-July.

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