Egyptian president Mohamed Morsi heads to the Saudi capital of Riyadh to attend the third Arab Economic and Social Development Summit. The two-day summit will be held in Riyadh under the chairmanship of King Abdullah bin Abdul Aziz of Saudi Arabia. Presidential Spokesman Dr. Yasser Ali said that Morsi will deliver an address to the opening session of the summit about the economic situation in Egypt and the region, the importance of achieving Arab economic integration and means to increase investments in Arab countries. The Egyptian delegation includes Foreign Minister Mohamed Kamel Amr, Minister of Planning and International Cooperation Ashraf el-Arabi, Investment Minister Osama Saleh, Minister of Trade and Industry Hatem Saleh, President of the Federation of Egyptian Chambers of Commerce (FECC) Ahmed el-Wakil and a number of businessmen.