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#saudi businessman

The Minister of Investment and International Cooperation Sahar Nasr agreed with the Saudi investors Sheikh Abdul-Rahman Al-Sharbatly and Sheikh Fahd El-Shobokshy to inject new investments in Egypt worth of around $US 2.150 billion. Hassan Al-Sharbatly said that the investments would include the expansion of Golden Coast Sharm El-Sheikh in Nabq Bay and Hurghada's Suma Bay with about $US 1 billion. Also, the implementation of the South Valley Cement Company's second line of production reaching approximately $US 150 million in addition…