3 New Saudi Hefty Ventures In Egypt

Saudi Arabia will resume its investments in Egypt through three hefty ventures for the first time since the revolution had erupted in 2011. The three ventures are in petrochemical, textile and transport fields.

Dr Abdallah Dahlan, head of the Saudi-Egyptian Business Council, said there are other investments in food field will enter Egypt soon, included in the Saudi investments list.

During the current week, the procedures of these investments will be finished, and there is a determined number for these investments Dahlan added.

As per the Saudi investments stalled in Egypt, he said the problems of these investments to resolved next month; referring to problems of three Saudi ventures stalled in Egypt will be improved soon.

Dahlan emphasized that President Mohamed Morsi follows up the Saudi investments stalled in Egypt, and the obstacles that stop the ventures.