New agreements expected to skyrocket Saudi Arabia’s total private sector investments in Egypt to $50 billion ...Egypt

EGYPT INDEPENDENT - Economy
New agreements expected to skyrocket Saudi Arabia’s total private sector investments in Egypt to $50 billion
source : EGYPT INDEPENDENT ( Egypt ) () 66
The visit of Saudi Crown Prince Mohammed bin Salman to Cairo on Tuesday has spurred the private sector in the Saudi Arabia to invest more funds in Egypt, especially after the signing of an investment protection agreement between both nations. This opens the door for Saudi companies to pump in up to $15 billion over the next three years, as revealed by the head of the Saudi-Egyptian Business Council, Bandar Al-Amri, in an interview with the Al-Sharq Business website. Al-Amri declined to disclose the names of the companies that will undertake these billion-dollar projects, as they are in the final stages of negotiations with Egyptian private sector partners. However, he confirmed that the comi

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