The Crown Prince of Saudi Arabia, Mohammed bin Salman, has asked local investors to expand their investments in Egypt, Al Arabiya reported, citing the chairman of the economic council, Bandar bin Mohammed Al-Amri.
We are ready to invest in Egyptian country, and we have opened an office for the Saudi-Egyptian Business Council to invest in Egypt, and we invite Saudi investors to invest in Egypt,” Al-Amiri announced while his meeting was going with the Assem Al-Jazzar, Egyptian Minister of Housing.
“There are great opportunities for investment in Egyptian country, and there will be investments in the next 2 to 3 years, greater than we expect,” Al-Amiri stated, as per a ministry statement on Thursday. “We currently have about 150 Saudi investors and businessmen ready to invest in Egypt.”
In the presence of officials from the Ministry of Housing, he discussed joint cooperation opportunities with various Saudi investors and presented available investment opportunities in various projects in the Egyptian country
Given the construction boom that the country was experiencing during the era of President Abdel Fattah El-Sisi, there are great investment opportunities in Egypt, Al-Jazzar said.
We are ready to invest in the Egyptian country, and we have opened an office for the Saudi-Egyptian Business Council to invest in the country, and we invite Saudi investors to invest in Egypt.