Assem El Gazzar, Minister of Housing, Utilities, and Urban Communities has met Majid Bin Abdullah Alkassabi, Minister of Commerce in Saudi Arabia, Bandar bin Mohammed Al-Amri, chairman of the Saudi-Egyptian Business Council, several Saudi investors, as well as a number of officials from the housing ministry to discuss potential opportunities for joint cooperation, in addition to presenting available investment opportunities in various projects in Egypt, Invest-Gate reports.

El Gazzar reviews the Egyptian urban experience, and the implemented projects at New Administrative Capital (NAC) and New Alamein City through a video showcasing the completion rates, as well as the investment opportunities available in all fields across the state.

For his part, Alkassabi believes that the development projects taking place in Egypt are an unprecedented move, adding that these projects have helped create a new Egypt, which is something deserves to be proud of.

Moreover, the minister remarks that the development process in Egypt is extraordinary as there are seriousness, transparency, clarity of vision, and high-quality implementation. This approach spread a sense of optimism among investors, as there were 35 senior Saudi investors and businessmen who have come with him to Egypt.

Furthermore, Al-Amri points out that the achievements seen in Egypt in various fields, during 5 years, were not seen in any other countries.