Egypt and Saudi Arabia signed on Wednesday an agreement to increase Riyadh's investments in the Egyptian real estate sector.
The accord was reached between Saudi-Egyptian Construction Company (SECON) and Banque Misr and the National Bank of Egypt.
Further investments of EGP 508 million will be pumped into SECON projects.
The firm is model of success of partnership between the Saudi and Egyptian governments, said Saudi Assistant Finance Minister Mohamed bin Hammoud.
Riyadh is keen on increasing its investments in the joint firm, he added.
GMT 17:36 2017 Wednesday ,13 December
‘Citizen Account Program’ to help Saudis face economic changesGMT 21:09 2017 Thursday ,30 March
GCC Ministerial Council Reiterates Concern over Continued Abduction of Qatari Citizens in IraqGMT 05:25 2017 Saturday ,04 March
Saudi data show economy struggling as lending growth slumpsGMT 16:35 2017 Friday ,10 February
Shoura panel calls for effective transport systemGMT 14:52 2017 Friday ,10 February
Fars News sinks to new depths with fake Saudi warship storyMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor