Saudi Arabia's ambassador to Egypt pledged that his country will make new investments in Egypt if it restores security after the downfall of former President Hosni Mubarak's regime.
Several media outlets have quoted Ambassador Ahmed al-Qattan's statements made on Monday to Al-Hayat, a private satellite channel, in which he said that economic support is the main concern for the kingdom in its relationship with Egypt.
But the ambassador said the support depended on security and economic stability. He also highlighted a previous offer by Saudi businessman Saleh Kamel to invest LE100 billion in Egypt, as well as his call to establish a Saudi fund to support Egypt's stock market.
"There will be delightful news for Egyptians within the coming days, which may include preparations for a visit by Saudi Arabia's king to Egypt," he added.
Qattan's statements come amid reports that Saudi Arabia has been pressuring Egypt's ruling Supreme Council of Armed Forces to prevent the prosecution of Mubarak and his family, threatening to withdraw Saudi investments from Egypt and deport Egyptian laborers from the kingdom.
Qattan denied that his country played a role in Mubarak's recent audio message, which was aired on Sunday by Saudi satellite channel Al-Arabiya. The message drew condemnation from Egyptians.
“I have no idea why Mubarak chose al-Arabiya to deliver his speech," the ambassador said.
He also vowed not to grant entry for Egyptian personalities banned from travelling, such as Gamal Mubarak, the former president's younger son, or any other figures from the toppled regime.
