Egypt Tackles Saudi Investors Problems in Real Estate, Industrial Projects

Egypt Tackles Saudi Investors Problems in Real Estate, Industrial Projects

Egyptian Prime Minister Mostafa Madbouly stressed the importance his government attaches to solving problems that local and foreign investors face, as well as creating a more attractive climate for investments in the country.

In remarks during a meeting with a group of Saudi investors in Egypt on Tuesday, Madbouly said that he was keen to address problems investors faced to “send positive messages to the business community at home and abroad, and confirm our interest in supporting the various projects.”

The meeting was held in the presence of Egypt’s Minister of Housing Assem Al-Gazzar, Saudi Ambassador Osama bin Ahmed Naqli, Chairman of the Egyptian-Saudi Businessmen Council Bandar bin Muhammad Al-Amiri, and Hossam Haiba, CEO of the General Authority for Investment and Free Zones.

For his part, Ambassador Nader Saad, the official spokesman for the Presidency of the Council of Ministers, said that Madbouly held several meetings on Tuesday with Saudi investors to review a number of challenges and problems, including those related to real estate and industrial projects in the new cities, and others in the governorates.

He added that the premier offered a set of solutions to address the investors’ demands and allow them to complete their projects.

On a different note, the Industrial