Egypt/Saudi Arabia: The Saudi Arabian Al Sharbatly Group is reported to be looking to invest up to US$3bn in Egyptian interests, including setting up a second clinker line at its South Valley Cement plant. Egypt’s Minister of Investment and International Cooperation Sahar Nasr said that he welcomed all investors in Egypt after meeting with Sheikh Abdel Rahman al Sharbatly and Sheikh Fahd Al Shobokshy to discuss ways to increase their investments in Egypt.
Big investment from Saudi Arabia could boost Egypt’s South Valley Cement
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