A deal was signed on Sunday with Saudi Arabia to support small and medium-sized projects in Egypt, Egyptian Minister of International Cooperation Sahar Nasr said.

Speaking at a press conference, Nasr said the 200-million-dollar agreement was reached during the fourth meeting of the Egyptian-Saudi Coordinating Committee. The deal stipulates an interest rate of 5 percent, she added.

Another 40-million-pound deal was concluded to support the health sector in Egypt.