{"id":560831,"date":"2021-03-15T05:35:05","date_gmt":"2021-03-15T05:35:05","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/usd-2-5-bn-of-saudi-investment-in-five-years-meamar-launches-healthcare-unit\/"},"modified":"2021-03-15T05:35:05","modified_gmt":"2021-03-15T05:35:05","slug":"usd-2-5-bn-of-saudi-investment-in-five-years-meamar-launches-healthcare-unit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/usd-2-5-bn-of-saudi-investment-in-five-years-meamar-launches-healthcare-unit\/","title":{"rendered":"USD 2.5 bn of Saudi investment in five years + Meamar launches healthcare unit"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Sharbatly Group pouring USD 2.5 bn into Egypt?<\/strong> Saudi investor Hassan Sharbatly plans to invest some USD 2.5 bn in several ventures in Egypt over the next five years, he said during a meeting with Prime Minister Moustafa Madbouly and other members of cabinet yesterday, according to <a href=\"http:\/\/bit.ly\/3rRdTT4\">a statement<\/a>. The statement, which included few details, says that Sharbatly will be investing through Sharbatly Group. The Sharbatly family is the driver behind CityStars Mall operator Golden Pyramids Plaza and is an investor in a wide range of sectors in Egypt.<\/p>\n<p><strong>Also sitting in on the meeting: Saudi investor Fahd El Shobokshy<\/strong>, chairman of the board at Al Ahli Investment and Development. The statement does not clarify whether El Shobokshy has separate investment plans. El Shobokshy and Abdulrahman Sharbatly had <a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/28\/saudis-sharbatly-el-shobokshi-to-invest-usd-2-15-bn-in-egypt\/\">said back in 2017<\/a> that they would invest some USD 2.15 bn in Egypt, including USD 1 bn to expand their Golden Coast Company projects in Sharm El Sheikh and Hurghada\u2019s Somabay, USD 1 bn to fund new projects in cooperation with real estate development firm Arco, and USD 150 mn for a second production line at South Valley Cement Company.<\/p>\n<p><strong>OTHER INVESTMENT NEWS-<\/strong><\/p>\n<p><strong><a href=\"https:\/\/meamargroup.com\/en\/\">Meamar Real Estate Development<\/a><\/strong><strong> has launched its first healthcare company, <\/strong><strong>dubbed Healing Medical Care<\/strong>, with EGP 200 mn worth of investments, Chairman Mohamed Sobhy <a href=\"https:\/\/bit.ly\/38AX8Uf\">said<\/a>. The new entity will roll out its first hospital in Sadat City in March 2022. The company is also looking at building facilities in New Cairo, Fayoum and Sohag. The company will sell up to 60% of its shares to unnamed private investors, the story says, in two transactions starting sometime in April.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sharbatly Group pouring USD 2.5 bn into Egypt? Saudi investor Hassan Sharbatly plans to invest some USD 2.5 bn in several ventures in Egypt over the next five years, he said during a meeting with Prime Minister Moustafa Madbouly and other members of cabinet yesterday, according to a statement. The statement, which included few details, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[72,7115,125,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560831","post","type-post","status-publish","format-standard","hentry","category-investment-watch","tag-enterpriseam","tag-healthcare","tag-investment-watch","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"db76ae93-8254-4331-adae-c548dcc64f34","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[560820],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>USD 2.5 bn of Saudi investment in five years + Meamar launches healthcare unit - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/usd-2-5-bn-of-saudi-investment-in-five-years-meamar-launches-healthcare-unit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USD 2.5 bn of Saudi investment in five years + Meamar launches healthcare unit\" \/>\n<meta property=\"og:description\" content=\"Sharbatly Group pouring USD 2.5 bn into Egypt? Saudi investor Hassan Sharbatly plans to invest some USD 2.5 bn in several ventures in Egypt over the next five years, he said during a meeting with Prime Minister Moustafa Madbouly and other members of cabinet yesterday, according to a statement. 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The pair, whose investments in Egypt together are\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":643060,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/29\/saudi-prince-khaled-bin-alwaleed-wants-to-invest-in-egypt\/","url_meta":{"origin":560831,"position":1},"title":"Saudi Prince Khaled Bin Alwaleed wants to invest in Egypt","author":"enterpriseam admin","date":"29 August 2017","format":false,"excerpt":"INVESTMENT WATCH- Yet another Saudi wants to invest in Egypt. Saudi Prince Khaled Bin Alwaleed Bin Talal Al Saud expressed interest in investing in new projects in Sharm El Sheikh \u2014 partnering with companies to expand current projects, or helping financially struggling companies, according to an Investment Ministry statement. Al\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646647,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/20\/aur-capital-to-invest-egp-22-bn-over-the-next-five-years\/","url_meta":{"origin":560831,"position":2},"title":"Aur Capital to invest EGP 22 bn over the next five years","author":"enterpriseam admin","date":"20 June 2017","format":false,"excerpt":"Former Investment Minister Ashraf Salman says his new private equity outfit, Aur Capital, will invest as much as EGP 22 bn in the next five years, Daily News Egypt reports (that about USD 1.2 bn if you, like us, are still struggling with the FX conversion math). The consumer-focused GP\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563156,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/21\/usd-20-bn-saudi-investment-drive-more-from-china\/","url_meta":{"origin":560831,"position":3},"title":"USD 20 bn Saudi investment drive + more from China","author":"enterpriseam admin","date":"21 June 2021","format":false,"excerpt":"KSA is planning serious investment in Egypt: Saudi Arabia could invest as much as USD 20 bn in Egypt over the next five years, Egyptian-Saudi Joint Business Council Chairman Bandar Al Ameri told Akhbar El Youm, saying the drive could bring total investments here from the kingdom and its companies\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/262.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554323,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/29\/2021-investments-are-picking-up-albeit-gingerly\/","url_meta":{"origin":560831,"position":4},"title":"2021: Investments are picking up, albeit gingerly","author":"enterpriseam admin","date":"29 December 2021","format":false,"excerpt":"What was Egypt\u2019s investment story like in 2021? The big picture tells us that investor interest is continuing to pick up, with a larger number and bigger value of investments announced this year compared to 2020. 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The company also completed two cement millsand plans to begin trial operations before year-end. 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