Dr Mohieldin, Rawabi Discuss Investment Opportunities

The Minister of Investment, Dr. Mahmoud Mohieldin, met with Sheikh Abdulaziz Al Turki, chairman of Rawabi Holding Company, a major Saudi investment institution.

The meeting discussed the investment opportunities and areas available for the group in Egypt.

The Saudi group is active in several areas topped by: oil and gas, petrochemical industries, infrastructure, telecommunications and information technology, energy, electricity, processing industries, construction, maritime transport, shipping and trade.

Dr. Mohieldin reviewed the development of Saudi investments in Egypt in the last five years, during which 50 percent of the total Egyptian companies with Saudi contributions were established.

Dr. Mohieldin offered the Saudi group a number of major investment projects in the North-West Suez Gulf Economic Zone (SEZONE), and on both sides of the Upper Egypt-Red Sea Road, as there are several areas for investment in transport, logistic services, infrastructure, roads, dry ports, power generation, and different industrial fields.

"Rawabi is interested in working on the Egyptian market, especially in light of the growing economic and investment activity in the recent period," the Saudi businessman said.