Saudi businessmen expected to invest $4 billion in Egypt projects

By REUTERS
April 5, 2016 11:57

CAIRO - Saudi businessmen are expected to invest $4 billion in projects including the Suez Canal, energy and agriculture, and have already deposited 10 percent of that sum in Egyptian banks, the deputy head of the Saudi-Egyptian Business Council told Reuters on Tuesday.

"They will complete 25 percent within three months," Abdallah bin Mahfouz said in a statement to Reuters.

The investments will also cover projects in imports and exports, and the medical sector.


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