‎Fawaz Alhokair invests more than SAR 1.8 bln in Egypt, eyes renewable energy sector

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Egypt
  • Date: 22-Jun-2022
  • Source: Argaam
  • Sector: Oil & Gas
  • Country: Egypt
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‎Fawaz Alhokair invests more than SAR 1.8 bln in Egypt, eyes renewable energy sector

Fawaz Abdulaziz Alhokair Co. invests more than SAR 1.8 billion in Egypt, according to Turki Alhokair, CEO of FAS Real Estate Company, a subsidiary of Fawaz Alhokair Group.

The Saudi group plans to enter the energy sector in Egypt over the coming period and is negotiating several renewable energy projects, Turki Alhokair told Al-Arabiya TV.

The group is in the process of signing an energy project with investments amounting to SAR 500 million, he added.