>> Saudi Arabia's new megacity is one step closer after the kingdom set up a joint $10 billion fund with Egypt. Crown Prince Mohammad Bin Salman began his first public trip abroad over the weekend after becoming heir apparent last year. Landing first in Egypt, officials announced the joint investment fund for NEOM, a new city aimed at weaning Saudi off its reliance on oil.
Egypt has committed more than 1,000 square kilometers of its land in South Sinai for the project. The investment deal underlines strategic ties between the nations. Egypt and Saudi have strengthened relations since Sisi took power in 2013 after ousting the Muslim Brotherhood, a group banned by both countries. The tenure of Prince Mohammad has so far been explosive, purging the kingdom's business and political elite and a crack down on corruption that saw top princes and business men detained.
He'll head to Britain on March the 7th and then on to the US, Riyadh's closest Western ally later this month.