RIYADH, SAUDI ARABIA – A total of 6,225 Saudi industrial businesses are operating in Egypt with US$30 billion worth of investments, Abdulrahman Altawil, the Kingdom’s Deputy Minister, Developmental Housing, Municipal and Rural Affairs and Housing said here.
This reflects their confidence in the Egyptian market, he said.
In a speech at the Saudi Egyptian Real Estate Conference, the minister said that 518 Egyptian companies are operating in the Saudi market.
He said that 285 Egyptian brands are spread out across the Kingdom.
Altawil also said that the economic and political relations between Saudi Arabia and Egypt are solid.
He said that the Kingdom is the top global and Arab investor in Egypt with more than US$55 billion worth of investments.