Egyptian-Saudi Business Council to increase investments to $51B in KSA

CAIRO – 21 July 2017: The Egyptian-Saudi Business Council intends to raise its investments to $51 billion in the Saudi public and private sectors, Minister of Investment Sahar Nasr said Friday.

During her meeting with Nasr, Al Rajhi International Group's chairman abdul Wahab Al Rajhi noted that Egypt's reforms encourage Al Rajhi's subsidiary Zadna Agriculture Services to increase its investments in Egypt to LE 2 billion ($111 million) in the next five years.

Nasr discussed with the Saudi group its current investment in the field of agriculture through their subsidiary, assuring that Egypt welcomes the Saudi investment, as Saudi Arabia come on top of the Arab countries investing in Egypt.