Egypt’s Amaar, Saudi Bonyan join forces to build youth housing city in Riyadh

Egypt’s property developer Amaar Group has signed a contract with Saudi Bonyan Company to establish a youth housing city in Riyadh, Amaar’s chairman Abeer Essam said Thursday.

Saudi Bonyan is the real estate development arm of Abdulrahman Saad AlRashid and Sons Company in Saudi Arabia.

Essam earlier made her remarks during meetings with some businesswomen from Saudi Arabia, Kuwait, and UAE as well as a number of other representatives of various firms.

During the meetings, the officials referred that they are keen to invest in Egypt in areas of upholstery, hotel, food, drinks, construction, and real estate investment, Essam added.