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FINANCIAL NEWS
Saudi Arabia to invest USD 4bn in projects in Egypt
06 Apr 2016
(MENAFN) Saudi businessmen are investing USD 4bn in projects involving the Suez Canal, energy and agriculture, and have deposited 10 percent of that amount.
Furthermore, 10 percent have been left in Egyptian banks, which will complete 25 percent among three months.
Additionally, the government made efforts to resolve difficulties faced by nine Saudi-owned companies in securing official permits for their projects.
There were 3,302 Saudi-owned firms in Egypt, with a whole capital of USD 27.9bn, while Egypt’s foreign currency reserves dropped at USD 16.56bn.
More News
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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