Economy
Saudi Fawaz Alhokair Group invests $480m in Egypt, targets renewable energy
Follow-ups -eshrag News:
Thu, 2022-06-23 09:41
RIYADH: Fawaz Alhokair Group’s investments in Egypt exceed SR1.8 billion ($480 million), the CEO of its subsidiary FAS Real Estate Co., Turki Alhokair told Al-Arabiya TV.
In the coming period, the group plans to enter the Egyptian energy sector and is negotiating several renewable energy projects including one with a SR500 million investment, he added.
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