Egypt signed a USD1.5 bn agreement with the Saudi Fund for Development to finance the Sinai development project along with another agreement to provide Egypt with its fuel needs for five years, Al Mal reported. In parallel, Investment Minister Ashraf Salman signed an MoU with the Saudi Public Investment Fund during the Egyptian-Saudi Coordination Council meeting for SAR30 bn (USD8 bn) worth of investments into Egypt, Al Masry Al Youm reported. The MoU looks to attract more Egypt–Saudi investments in the energy, tourism, and real estate sectors, with the exact nature of investments expected to be sketched out during the fifth council meeting, according to ministry spokesperson Ahmed Samir. (Al Mal, Al Masry Al Youm)