Saudi Prince discusses economy on Egypt trip; pledges to invest $10 bn

Saudi Crown Prince Mohammed bin Salman continued a visit to Egypt today focused on economic cooperation, with Riyadh agreeing a $10 billion investment with Cairo for a futuristic mega city project.

Prince Mohammed accompanied Egyptian President Abdel Fattah al-Sisi to review construction projects near the Suez Canal before boarding a boat with the president to tour the waterway.
A Saudi government source said the two countries had agreed to set up a joint $10 billion fund to develop areas of Egypt linked to the NEOM project.

The $500 billion NEOM mega city, unveiled by Prince Mohammed last year, is planned to be a biotech and digital hub spread over 26,500 square kilometres (10,000 square miles) in an area facing Jordan and Egypt.

Don't seek material or money, treat us with respect: Pak Army chief to US

Pakistan is not seeking material or financial help from the US, but Washington must trust and treat it with respect, Army chief General Qamar Javed Bajwa on Wednesday told the US envoy in Islamabad, a day after President Trump asked Islamabad to stop providing safe havens to terrorists.

While announcing America's new Afghanistan and South Asia policy — which calls for greater US troop deployment and Indian involvement in Afghanistan — Trump had hit out at Pakistan for offering sanctuaries to "agents of chaos."

The US Ambassador David Hale met General Bajwa at the Army's Headquarters in Rawalpindi, where the latter was briefed on the US's new South Asia policy announced by President Trump, according to a statement issued by the Inter-Services Public Relations (ISPR) — the Pakistani military's media wing.

"We can no longer be silent about Pakistan's safe havens for terrorist organisations," the US president had said.
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