Salafi Party Negotiates With Samsung, LG, KIA Over Investments In Sinai

The Al Nour Party (Party of The Light), an Egyptian Salafi party, is conducting intensive negotiations with a number of foreign investors; paving the way for partnerships that help in carrying out new investments in Sinai under the efforts of the Egyptian government and the political initiatives, which launched in order to develop this region.

Emad Abdel Ghafour, Chairman of Al Nour Party, Assistant to Egyptian President, in his statements to Amwal Al Ghad, said the negotiations encompass Koreans from the Korean embassy in Cairo and Turkish investors as well as a number of investors from south east Asia; affirming that the Korean side showed its complete readiness for establishing new investments in Sinai.

He has referred that the important Korean companies showed their readiness to carry out investments in Sinai; like Samsung, LG and KIA, besides a number of technological companies.