The Egyptian government offered tourism and housing projects to Saudi Arabian funds, a government official said, as part of planned investments by the Kingdom to help Egypt’s economy. The government offered tourism projects in the Red Sea resort of Sharm El-Sheikh, as well as a mixed-use real-estate project west of Cairo on a partnership basis, said the official, who asked not to be named because the details are not public. The Saudi funds are studying the proposed projects, the official said. The Kingdom agreed this month to invest SAR30 billion (USD8 billion) in Egypt through its public and sovereign funds and is set to renew a deal to provide oil products to Egypt for five years on favourable terms.  The government official said Saudi funds were also interested in energy and agriculture projects. Talks between Egyptian and Saudi officials are set to continue in Riyadh on 5 January, Egyptian Prime Minister Sherif Ismail told reporters earlier this month. (Bloomberg)