Egypt-Saudi Businessmen Association unveils Major Medical Investment on Jan 31

In its second annual conference on January 31, the Egyptian-Saudi Businessmen Association (SEBA) will announce a major medical project with investments up to EGP 600 million (US$84 million).

According to SEBA’s Board Chairman Mohamed El-Raghy, the medical project is to establish a hospital featuring 100 rooms.

SEBA’s second annual conference will be under the sponsorship of Saudi Ambassador in Cairo Ahmed Qattan.

El-Raghy further said a number of new key investment agreements would be signed in various fields, adding that more than 800 Egyptian, Saudi, and Gulf investors and businessmen will participate in the conference.

SEBA’s official further noted that the conference comes within the association’s support to Egypt’s economy.