secon investments to be increased
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

SECON investments to be increased

Arab Today, arab today

Arab Today, arab today SECON investments to be increased

SECON investments to be increased
Cairo - MENA

Egypt and Saudi Arabia signed on Wednesday an agreement to increase Riyadh's investments in the Egyptian real estate sector.

The accord was reached between Saudi-Egyptian Construction Company (SECON) and Banque Misr and the National Bank of Egypt.

Further investments of EGP 508 million will be pumped into SECON projects.

The firm is model of success of partnership between the Saudi and Egyptian governments, said Saudi Assistant Finance Minister Mohamed bin Hammoud.

Riyadh is keen on increasing its investments in the joint firm, he added.

 

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