Saudi Arabia to increase investment in Egypt up to $51 bn

[EgyptianAmerican]

The Saudi-Egyptian Business Council plans to increase investments by both the Saudi government and private sectors in Egypt to reach $51 billion in the agricultural, industrial, tourism, energy and real estate sectors, as well as the Suez Canal Development Project.

Investment Minister Sahar Nasr called on Saudi investors to invest in Egypt in a number of large development projects, including the development of the Suez Canal, and the new administrative capital, especially that the Ministry is currently amending a package of laws and general legislation that would provide a regulatory framework for investors.

The new investment law focuses on five main pillars of reforms to increase investment in Egypt, Nasr added in a statement on Friday.

Nasr met with senior Saudi investors on Friday on the sidelines of the 42nd annual meeting of the Islamic Development Bank in Jeddah, Saudi Arabia, during which she stressed the strong historical and economic relations between Egypt and Saudi Arabia.

http://www.egyptindependent.com/saudi-arabia-increase-investment-egypt-51-bn/

 

[Saif al-Arab]

The Saudi-Egyptian Business Council plans to increase investments by both the Saudi government and private sectors in Egypt to reach $51 billion in the agricultural, industrial, tourism, energy and real estate sectors, as well as the Suez Canal Development Project.

Investment Minister Sahar Nasr called on Saudi investors to invest in Egypt in a number of large development projects, including the development of the Suez Canal, and the new administrative capital, especially that the Ministry is currently amending a package of laws and general legislation that would provide a regulatory framework for investors.

The new investment law focuses on five main pillars of reforms to increase investment in Egypt, Nasr added in a statement on Friday.

Nasr met with senior Saudi investors on Friday on the sidelines of the 42nd annual meeting of the Islamic Development Bank in Jeddah, Saudi Arabia, during which she stressed the strong historical and economic relations between Egypt and Saudi Arabia.

http://www.egyptindependent.com/saudi-arabia-increase-investment-egypt-51-bn/

Hopefully, as planned, this includes the Saudi Arabian-Egyptian causeway (bridge) that would connect us. Anyway hopefully if built it will not destroy the unique marine wonderland of the Red Sea (famous in the entire world and only second to Great Barrier Reef and the Tropical Triangle in Southeast Asia) that we share together.









A bridge like this below would be beautiful. Old-fashioned style.



Anyway that investment should help both countries and peoples and various sectors impacted by this investment. It should not only benefit a little elite.

Also, I believe, that investing in education and existing universities in both countries is the best investment that can be made.

 

[Gothic]

all that investment can only buy sandwiches to feed the hungry for the night.

 

[Saif al-Arab]

all that investment can only buy sandwiches to feed the hungry for the night.

Troll post of no value. Making fun of poor people too.

 

[mike2000 is back]

all that investment can only buy sandwiches to feed the hungry for the night.

Ahahahah...... got me laughing. .
That's a lot of money for the hungry though, so definitely more than a sandwich.

 

[AmirPatriot]

Ahahahah...... got me laughing. .
That's a lot of money for the hungry though, so definitely more than a sandwich.

Maybe a lot of these