Egypt to sign contracts worth USD45.84b for Saudi investments

30 Sep 2015

(MENAFN) According to the Egyptian Minister of Investment, his country is set to sign legal contracts worth around USD45.84 billion in investments for Saudi projects.

The projects include three residential communities with total investments worth USD21.65 billion, which are set to be implemented by Egyptian Mountain View and Saudi Sisban Holding.

The legal contract for a project with investments worth the equivalent of about USD700.45 million, signed with Saudi investor Al-Sharbatli, is expected to be finalized soon.

Meanwhile, the legal contracts for the two energy sector cooperation agreements that were signed with Saudi Arabia’s Acwa Power Company are also to be finalized soon.

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