FINANCIAL NEWS

Saudi investment opportunities in Egypt worth USD4.7 b

10 Sep 2013

(MENAFN) Egypt made an offer for Saudi investment opportunities of about USD4.7 billion. The offer will include financial services, education, justice, and e-trade, according to Arab News.

Minister of Communications and Information Technology, Mohammad Jamil Mulla, and his Egyptian counterpart, Atef Hilmi, discussed the investment object during a meeting in Riyadh.

The investments will be in Al-Ma’adi, Al-Isma’eliah, Asyout and Al-Mansourah for broadband infrastructure and a data center.

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