The Egyptian-Saudi Business Council is planning to invest in major national projects now underway in Egypt to stimulate economic growth, Invest-Gate reports.
At a meeting in Cairo, Minister of Investment and International Cooperation Sahar Nasr has assured Chairman of the Egyptian-Saudi Business Council Saleh Kamel that drawing investments to the country is a top priority in the coming period.
“The government is working on setting out an investment map that covers all investment opportunities in several governorates,” says Nasr in a statement carried by the State Information Service (SIS).
During his meeting with Nasr, Saudi investor Kamel says that the Egyptian-Saudi Business Council will be investing in Egyptian projects, including the Administrative Capital and Suez Canal Economic Zone (SCZone).
The Council has been operating in Egypt since 1970 and aims to pave the way for Saudi businessmen to invest in the country.
“Saudi investors are planning to boost their investments in Egypt and Saudi Arabia will be among the top investors in Egypt in the coming period,” says Kamel.