Saudi members in the Egyptian-Saudi Council proposed a bill to amend the Egyptian Law 8/1997 concerning investment guarantees and incentives. Furthermore, the bill amends the Egypt-Saudi Arabia Trade Agreement and enables the council to use international arbitration in its negotiations.

Egyptian-Saudi Council Chairman Abdallah bin Mahfouz revealed that the Saudi side proposed the amendments to the interim President Adly Mansour at the GCC Economic Forum held in Egypt.