Two Saudi businessmen to inject new investments in Egypt

Two Saudi Arabian businessmen announced Saturday plans to pump new investments in the Egyptian market in the few coming period.

The two investors made their remarks during an investment conference in Marsa Matrouh governorate.

Massad bin Sammar Al-Otaibi – Chairman of Bin Sammar Trading & Contracting – said Egypt’s investment climate is witnessing positive change in favour of Arab and foreign investors since the Egyptian government is determined to remove obstacles that face the investors.

He described the Egyptian market as very promising, saying investing in Marsa Matrouh governorate reflects a significant chance for all investors.

Bin Sammar is studying injecting investments in Egypt’s road sector and the New Administrative Capital besides implementing water projects in Marsa Matrouh governorate.

Al-Otaibi asserted that Saudi investments in Egypt are growing largely and get the Egyptian government’s concern like other investments.

The second investor, Mansour Abdullah Al Othaimin announced his intend to pump investments in Egypt’s industry sector besides developing Agiba in Marsa Matrouh governorate, praising the investment climate there.