Saudi Fawaz Alhokair Group invests $480m in Egypt, targets renewable energy

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Saudi Arabia

Saudi Fawaz Alhokair Group invests $480m in Egypt, targets renewable energy

RIYADH: Fawaz Alhokair Group’s investments in Egypt exceed SR1.8 billion ($480 million), the CEO of its subsidiary FAS Real Estate Co., Turki Alhokair told Al-Arabiya TV. In the coming period, the group plans to enter the Egyptian energy sector and is negotiating several renewable energy projects including one with a SR500 million investment, he added.

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