INVESTMENT WATCH- Saudi Arabia’s Al Hokair Group plans to invest EGP 3 bn in various projects at the Damietta Furniture City, said Damietta Governor Ismail Taha, according to Al Masry Al Youm. The company had signed an MoU on Wednesday which would see it run and operate the commercial hub of the furniture manufacturing complex, the newspaper reports. The hub will include a four-star hotel, a shopping mall, a convention center, and a series of exhibitions and showrooms, said Taha.

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