The Saudi Egyptian Businessmen Association (SEBA) will announce a new project to build an industrial complex with investment cost EGP 500 million (US$ 68.4 million), Secretary General said.
According to SEBA’s official Ahmed Sabry Darwish, the new industrial complex would encompass 3 factories for building materials located in one of Suez Canal cities.
SEBA would announce the industrial projects during its upcoming second annual conference which will take place on January 31st.
“The industrial complex is scheduled to be finished at the end of 2015 and will be operational in 2016 through Saudi and Lebanese investments” Darwish added.
SEBA’s second annual conference will be under the sponsorship of Saudi Ambassador in Cairo Ahmed Qattan.
The conference comes within the association’s support to Egypt’s economy in which more than 800 Egyptian, Saudi, and Gulf investors and businessmen will participate.
A number of new key investment agreements would be signed in various fields during the SEBA’s conference.