Egyptian President Abdel Fattah el-Sisi has met Saudi Arabia’s Crown Prince Mohammed bin Salman in the kingdom’s Red Sea city of Jeddah as Cairo tries to navigate through an acute financial crisis.
El-Sisi meets Crown Prince Mohammed bin Salman as Egypt’s economic woes deepen.
Egypt’s el-Sisi visits Saudi Arabia
The two leaders met on Monday to discuss joint cooperation and regional developments, Saudi state-run SPA news agency reported. El-Sisi arrived in Saudi Arabia on Sunday.
Other Saudi and Egyptian officials, including Saudi national security adviser Musaad bin Mohammed al-Aiban and Egypt’s intelligence chief Abbas Kamel, attended the meeting, it added.
Saudi Arabia has been providing substantial financial support to keep the Egyptian economy afloat and has repeatedly come to Cairo’s aid since el-Sisi took power after leading the overthrow of democratically elected President Mohamed Morsi in 2013.
Saudi Arabia and other Gulf countries made deposits in Egypt’s central bank and pledged major new investments when Egypt’s financial difficulties were exposed and exacerbated by the fallout from the invasion of Ukraine last year.
But el-Sisi’s visit comes after Riyadh signalled that it would no longer provide financial support to its allies without conditions attached.
