Cairo, Rabi'I 04, 1437, December 15, 2015, SPA -- In continuation of work and joint coordination between the Arab Republic of Egypt and the Kingdom of Saudi Arabia, and pursuant to directives of President Abdel Fattah al-Sisi and Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and building on what was agreed on in the minutes of the establishment of the Saudi-Egyptian Coordination Council for the implementation of the Cairo Declaration, signed in Riyadh on 29/01/1437 H corresponding to 11/11/2015 AD calling in item (iii) of it for the council to meet periodically and alternately between the two countries, the second meeting of the council was held in the city of Cairo on Tuesday, 04/03/1437 H corresponding to 15/12/2015 AD, in the presence of members of both sides. The Egyptian side was led Prime Minister Engineer Sherif Ismail Mohammed, and the Saudi side by Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, the Second Deputy Prime Minister and Minister of Defense. At the outset of the meeting, the deputy crown prince stated that directives have been issued by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud to increase Saudi investments in the Arab Republic of Egypt to over thirty billion riyals and contribute to provision of Egypt's needs of oil for a period of five years, in addition to supporting traffic in the Suez Canal by Saudi ships. Prime Minister Engineer Sherif Ismail Mohammed expressed appreciation by Egypt's government and people to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz for his keenness on and interest in supporting the Egyptian economy and the promotion of common interests between the two countries. --More 23:14 LOCAL TIME 20:14 GMT www.spa.gov.sa/w