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In a meeting with Egyptian government officials on Thursday, Saudi Investment Minister Khalid Al-Falih announced the kingdom's intention to escalate investments from the Public Investment Fund (PIF) in Egypt. Al-Falih highlighted plans to convert Saudi deposits in Egypt into investments. Over two days of intensive discussions in Alamein, described as a "hive of activity," Saudi officials worked closely with Egyptian ministers to explore numerous joint ventures to strengthen bilateral relations, according to Egypt's Cabinet. "I will collaborate with my counterpart,…