Minister, Al Rajhi chairman probe boosting investments
Minister of Investment and International Cooperation Sahar Nasr
Cairo - Mena
Minister of Investment and International Cooperation Sahar Nasr discussed with Abdul Wahab bin Saleh al-Rajhi, the chairman of the Saudi holding group of Al-Rajhi, the group’s future plans to increase its investments in Egypt to EGP 2 billion within the coming five years.
The minister asserted that Egypt welcomes Saudi investors in light of its ranking as the top Arab country investing in Egypt.
She referred also to the determination of the Egyptian-Saudi Business Council to raise the Saudi investment cap in Egypt to $51 billion from both public and private sectors, the ministry said in a Friday statement.
Rajhi, for his part, lauded measures taken by Cairo to improve the investment climate, topped by President Abdel Fattah El Sisi’s ratification of the new investment law, noting that this move would encourage the Saudi group to increase its investments in Egypt.
Source: Mena
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