Khaled Abbas, Chairman and Managing Director of the Administrative Capital for Urban Development (ACUD), has welcomed a high-level delegation of 80 Saudi businessmen and investors as part of their visit to the new administrative capital, Invest-Gate reports.

This falls within ACUD’s initiative to host various Arab businessmen and influential figures to promote its projects and investments and highlight the landmarks and developments in the capital.

In this context, Abbas stated that the Saudi delegation’s visit to the New Administrative Capital opens broad horizons for cooperation and represents an important gateway for Saudi investment in the city.

The Saudi businessmen and investors toured the new administrative capital, visiting prominent landmarks such as the Egyptian Flagpole, the tallest in the world, and the Islamic Cultural Center, a global hub for intellectual, cultural, religious, and social growth.

Furthermore, they also visited the financial district housing the Central Bank headquarters, currency printing facilities, and the banking zone.

The discussions between the Saudi delegation and the Egyptian team were focused on enhancing investments and developing new projects in the administrative capital. This strategic dialogue reflects the company’s commitment to international cooperation and its efforts to expand the country’s economic base.

Notably after the visit, the Saudi businessmen expressed gratitude to the team facilitating the visit and took commemorative photos.