Saudi Arabia is committed to support Egypt’s economy, Saudi Foreign Minister Saud al-Faisal said on Tuesday. “The Kingdom is committed to offer Egypt $3.75 billion.”
Faisal pointed out that a sum of $0.5 billion has already been transferred by Saudi Arabia as a grant in support for the Egyptian budget in May 2011.
Faisal’s statements came in response to recent accusations by Egypt’s Prime Minister Kamal al-Ganzouri, who said that Egypt did not receive any financial support from the Gulf states.
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