Cairo – Mubasher: Fawaz Abdulaziz Al Hokair Company plans to pump new investments into the Egyptian market in the upcoming period, Egypt's minister of investment and international cooperation, Sahar Nasr, said on Thursday.

Nasr added that the Saudi company’s investments are planned to be pumped through its unit in Egypt, Egyptian Centers for Real Estate Development, to establish three commercial malls in the New Administrative Capital, New Cairo City, and Tanta City, according to a statement.

Fawaz Al Hokair’s representatives said that the company seeks to finalise the second phase of the Mall of Arabia project with total investments of EGP 1.2 billion.