CAIRO: Egyptian President Abdel Fattah al-Sisi and Saudi King Salman agreed to set up a $16-billion investment fund on Saturday and settled a long-standing maritime dispute as the monarch continued his rare visit to the country. A day after Salman announced a plan to build a bridge over the Red Sea to Egypt, the heads of state met at the historic Abdeen Palace in Cairo to oversee the inking of a string of agreements Egypt hopes will help boost its battered economy. In one of the most high-profile announcements, Cairo said it had agreed to demarcate its maritime borders with Saudi Arabia, officially placing two islands in the Straits of Tiran in Saudi territory. More than a dozen other accords, including a memorandum of understanding to set up an industrial zone in Egypt, were also announced.