Saudi economic delegation to visit Cairo

A Saudi business delegation is due to visit Egypt during the coming week to discuss with Egyptian businessmen opportunities for mutual investment, especially in the domains of tourism, hotels, and real estate investment.

Sources at the Egyptian trade chamber told ArabicNews.com today that the Saudi delegation is going to present two projects to build two hotels at Sharm and on the north coast, west of Alexandria, at a cost of $200 million, in addition to the construction of a housing city with complete utilities and services in the Bakr region, south of Alexandria.

They will also propose an industrial project with joint investment at 6th of October city, one of the new industrial societies in Egypt with a distinctive situation according to Egyptian investment law.