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Saudi’s Al-Mudaifer mulls $300m investments in Egypt

Saudi’s Al-Mudaifer mulls $300m investments in Egypt
Reported by Amr Adel
Fahad Al-Mudaifer, chairman of Saudi Arabia’s Al-Mudaifer Contracting, said his company plans to inject fresh investments worth nearly $300 million in four projects in Sharm El Sheikh, Egypt.
On the sidelines of the Builders of Egypt Forum, Al-Mudaifer told Mubasher that the projects will be in partnership with GCC investors, adding that these projects will be in the tourism, energy and housing sectors.
The chairman said that he submitted the relevant feasibility studies to Egypt’s Premier Ibrahim Mehleb, and the launch of these projects is pending the issuance of the new unified investment law.
Translated by Abdul Maguid Aboshahla