Saudi Alhokair’s arm plans to invest $1.5B in Egypt

Updated 11/20/2023 7:40:00 AM
Saudi Alhokair’s arm plans to invest $1.5B in Egypt

Arab Finance: FAS Real Estate, a subsidiary of the Saudi Arabian Alhokair Group, is planning to invest $1.5 billion in Egypt next year, CEO Turki Alhokair told Asharq Business.

On the sidelines of a press conference hosted by the Egyptian Trade and Industry Ministry, Alhokair added that these investments would be pumped into the sectors of energy, real estate, and infrastructure.

He revealed that FAS's current investments in Egypt amount to $5 billion.

Related News