Arab Finance: The Saudi private sector is studying new projects in Egypt after signing the investment protection agreement between the two countries, according to Bandar Al-Amiri, Chairman of the Saudi-Egyptian Business Council.
Al-Amiri said in a press release issued by Al-Eqtisadiah that cooperation between the private sectors resulted in agreements to pump Saudi investments worth a total of $15 billion into Egypt, including the sectors of renewable energy, tourism, industry, and real estate development.
Al-Amiri explained that it was agreed with representatives of the private sector in Egypt to enter into joint investments in other countries in accordance with the agreement that was signed between the two sides.
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