Cairo – Mubasher: Saudi-based Kingdom Holding Company’s chairman Alwaleed bin Talal will invest $800 million in Egypt, Egypt’s minister of investment and international corporation Sahar Nasr said on Monday.
Taalat Moustafa Group Holding (TMG) and Kingdom Holding Company are implementing the expansion of the Four Seasons Resort Sharm El Sheikh, and establishing two hotels in El Alamein and Madinaty, Nasr added.
The Saudi firm's investments in Egypt will be pumped into various sectors, including hotels, banking, media, and aviation, bin Talal stated.
