Egyptian president Mohammed Morsi said he is opposed to France's military intervention in Mali fearing that it could create further unrest.

On Monday at the Arab Economic Summit in Saudi Arabia, Morsi reiterated that he was hoping for a "peaceful and developmental" approach from France.

"We do not accept at all the military intervention in Mali because it will fuel conflict in the region," Morsi said.

French forces are working to stop the advance of Islamist extremists there. Morsi said the intervention creates a "new conflict hotspot" separating the Arab north from its African neighbors to the south.

The Islamic president also declared his support for Algeria where last week Islamic militants attacked a natural gas complex. At least 37 hostages were killed.

Morsi's statements paralleled the successful halting of Islamic militant advancement towards the south by Malian and French troops.