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Top 10 Richest Families in Saudi Arabia
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Saudi Sharbatly Group plans to invest $2 5bln in Egypt within next 5 years
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CAIRO: The Saudi Sharbatly Group plan to invest $2.5 billion into the Egyptian market over the next five years.
Egyptian Prime Minister Mostafa Madbouly held a meeting with Saudi investors Hassan Abbas Sharbatly, CEO of Al-Nahla Group, and Fahd El Shobokshi, chairman of the board of Al-Ahly for Investment and Development. Also present at the meeting were Minister of Tourism and Antiquities Khaled Al-Anani, Minister of Planning and Economic Development Hala Al-Saeed and Chairman of the Tourism Development Authority Serag El Din Saad.
During the meeting, the two Saudi investors presented a report on the current position of private investments by the Saudi Sharbatly Group in Egypt, as well as future plans to increase these investments during the coming period.