Saudi Bashayer Construction Co. is considering investing in the establishment of a land project in Egypt with an initial investment of around EGP 1 billion
Saudi Bashayer Construction Co. is considering investing in the establishment of a land project in Egypt with an initial investment of around EGP 1 billion, explained an official statement from the Ministry of Trade and Industry.
The company wants to invest in Egypt as an industrial developer, said Minister of Trade and Industry Ahmed Samir, adding that Saudi Bashayer is in partnership with an undisclosed German investment partner with “extensive experience and a global business history in energy, recycling, and circular economy” that is looking to invest in the country.
Samir met with Saudi Bashayer Construction’s General Manager Mohamed Al-Saqili earlier today to review a recent study conducted by the company on the Egyptian market. The trade minister explained that the meeting also reviewed of a number of industrial zones for the potential location of the project, including the industrial zone in Sadat.
Al-Saqili stated that the company is looking to invest in the Egyptian market to benefit from the various investment advantages currently offered by the state, and aims to develop industrial land to attract major German companies and factories in the area, particularly those focused on sustainable energy, recycling and waste treatment.
Samir highlighted the ministry’s role as a coordinator and organizer between industrial developers and investors to facilitate the establishment of industrial projects and attracting local and foreign investments.
