Saudi businessmen are investing USD4 billion in projects including the Suez Canal, energy and agriculture, and have already deposited 10% of that sum in Egyptian banks, Deputy Head of the Saudi-Egyptian Business Council told Reuters, two days before Saudi Arabia's King Salman visits Cairo. "Ten percent of the capital has been deposited in Egyptian banks, they will complete 25% within three months," Abdallah bin Mahfouz said in an interview. He said there would also be investments in the medical sector. Bin Mahfouz said the government had been making efforts to resolve difficulties faced by nine Saudi-owned firms in securing official permits for their projects, and that he expected to see progress soon. "A positive meeting took place on 2 April with Investment Minister Dalia Khorshid and the Saudi commercial attache ... along with representatives of the companies facing hurdles," he said. (Reuters)