Nazif: Joint investment company set up in Egypt at $ 150 million capital

Prime Minister Dr. Ahmed Nazif yesterday attended the signing ceremony of setting up a joint investment company between the Egyptian Orascom company, the Saudi Elian for Finance company and the UAE Majed al-Fateem company at a total capital of $ 150 million.

"The new company will be operating in the domains of tourism and hotels, services trade, weaving and spinning," said Orascom Chairman Najib Saweres.