Saudi investors set up 70 companies in Egypt
Amlak - Follow-ups
During 2013, Saudi investors were able to establish about 70 companies in all economic fields in Egypt. This was announced by the Ministry of Investment. The Kingdom came in fifth place, with investments estimated at $ 1,245.02 million, and Britain ranked first in the volume of investment flows in the Egyptian market, during the period from 1/7/2013 to 31/12/2013, with the establishment of 22 companies with investments of $ 2,952.56 million. While the United States of America ranked second, with the establishment of 29 companies with investments amounting to 2,477.39 million dollars, and Qatar came in third place with investments of 1,529.15 million dollars. France ranked fourth in terms of the volume of investment flows in the Egyptian market, with 4 companies with investments of USD 1,392.17 million. Kuwait ranked sixth with investments estimated at 807 thousand dollars and established 19 companies, followed by the UAE, which established 17 companies with investments estimated at 611 thousand dollars, while a new duo entered the Egyptian market.