Saudi Arabia is Egypt’s largest Arab investor

Published January 23rd, 2002 - 02:00 GMT
Al Bawaba
Al Bawaba

The Egyptian Minister of Supplies and Internal Commerce, Hassan Khadhr, declared that the Kingdom of Saudi Arabia is the largest Arab investing country in Egypt, reported Al-Sharq Al-Awsat . Saudi investors participate in 533 industrial, real estate and tourism projects in Egypt. The total capital value of these projects stands at EP 17 billion, of which more than 38 percent is Saudi capital. — (menareport.com)  

 

© 2002 Mena Report (www.menareport.com)