A delegation of Egyptian businessmen met on April 8 with the Saudi Housing Minister Majed bin Abdullah Al-Hogail to discuss future investments in real estate, Invest-Gate reports.

The delegation was chaired by Egyptian Businessmen’s Association (EBA) Construction Committee Chairman Fathallah Fawzy, alongside a number of Egyptian businessmen such as CEO of IWAN Developments Waleed Mokhtar, CEO of First Group Besheer Mostafa, and Managing Director and Board Member at Tatweer Misr Ahmed Shalaby, in addition to a number of officials operating in the Saudi real estate market, according to an official statement.

During the meeting, suggestions were put forward regarding future investments in the Egyptian real estate industry, with respect to Egypt’s Vision 2030. Al-Hogail expressed his willingness to help execute such innovative plans, in addition to learning from the experiences and knowledge of Egyptians operating in the field.

Meanwhile, Al-Hogail offered a number of lands in the kingdom for investment purposes, which the Egyptian businessmen were enthusiastic about and expressed their eagerness to take part in developing projects there.

The Saudi minister stated that he is looking forward to such collaboration, particularly due to the strength and integrity of the Egyptian market.

During their visit, the delegation met with a number of Saudi businessmen Chambers of Commerce, where they discussed potential investments in both Egypt and Saudi Arabia.