{"id":610477,"date":"2023-11-21T00:00:00","date_gmt":"2023-11-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/21\/this-evening-egypt-proposes-150-investment-opportunities-to-ksa-investors\/"},"modified":"2023-11-21T00:00:00","modified_gmt":"2023-11-21T00:00:00","slug":"this-evening-egypt-proposes-150-investment-opportunities-to-ksa-investors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/21\/this-evening-egypt-proposes-150-investment-opportunities-to-ksa-investors\/","title":{"rendered":"THIS EVENING: Egypt proposes 150 investment opportunities to KSA investors"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon friends and Happy Hump day.<\/strong> The news cycle is picking up with some privatization proposals as we come closer to the end of the month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gov\u2019t showcased more than 150 investment opportunities to Saudi<\/strong><strong> investors<\/strong> during the Egypt-Saudi business forum that wrapped up yesterday, head of the Trade Ministry\u2019s Commercial Representation Authority Yehia El Wathek Bellah told <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/3aefmvzn\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An influx of Saudi investments have been announced this week:<\/strong> Units of Saudi Arabia\u2019s Fawaz Abdulaziz Alhokair Company (Alhokair) could <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/da4fe0d8-11c9-46b7-bfa1-179390c6635b\" style=\"\" rel=\"noopener\">invest as much as USD 1.5 bn<\/a> in Egypt in 2024, while Al Lami Holding Group and Batterjee are eyeing separate investments worth <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fdea26fc-2215-4c19-a83d-86d3fbb81670\" style=\"\" rel=\"noopener\">more than a combined USD 500 mn<\/a> in our tourism, real estate, and pharma sectors. More Egypt-bound Gulf investments are set to be unveiled in the next couple of days as the <a target=\"_blank\" href=\"https:\/\/gcc-egyptbf.com\/en\/forum\/forum-program-1\" style=\"\" rel=\"noopener\">EGY-GCC Business Forum<\/a> kicks off tomorrow.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>There are three main stories leading the conversation in the international news outlets: <\/strong>New Argentinian president-elect Javier Milei is pledging to freeze relations with China, despite it being one of their most prominent trading partners, says <a target=\"_blank\" href=\"https:\/\/cnbc.com\/2023\/11\/21\/milei-china-says-it-would-be-a-huge-mistake-for-argentina-to-cut-ties.html\" style=\"\" rel=\"noopener\">CNBC<\/a>. Milei wants to cut all ties with \u201ccommunist\u201d regimes, but Beijing isn\u2019t having it, as their Foreign Ministry Spokesperson, Mao Ning, warned that \u201cit would be a huge foreign policy mistake\u201d. Hamas and Israel are reportedly close to reaching a \u201ctruce agreement,\u201d Hamas leader, Ismail Haniyeh said in a statement on Telegram, tells us <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-21\/hamas-chief-haniyeh-says-close-to-reaching-truce-agreement?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The talks suggest that there would be a pause in the fighting in exchange for freeing hostages. Sam Altman\u2019s OpenAI might lead to a potential staff mutiny: More than 90% of OpenAI employees threatened to quit if the board doesn\u2019t resign and Altman is not reinstated \u2014 pushing management to reach out to the former CEO, the new interim CEO Emmett Shear, and the board to try and dispel the unrest. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-21\/openai-in-intense-discussions-to-unify-company-memo-says?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7215167b-b3dc-4a09-b8db-b6b20b79239e\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/tech\/openai-employees-threaten-to-quit-unless-board-resigns-bbd5cc86\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Two high-profile Saudi investors <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fdea26fc-2215-4c19-a83d-86d3fbb81670\/\" style=\"\" rel=\"noopener\">are separately eyeing investments and acquisitions in Egypt<\/a><\/strong><strong> that could together be worth north of half a bn USD,<\/strong> their leaders said yesterday in Cairo. The top execs of Al Lami Group and Batterjee Holding were in town as part of a visiting Saudi business delegation.<\/li>\n<li><strong>The building reconciliation act has finally got the green light: <\/strong>The Madbouly government\u2019s new building reconciliation bill earned the House\u2019s seal of approval after first <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0e91cb15-5151-475a-a80d-90205c0e59b3\" style=\"\" rel=\"noopener\">getting<\/a> committee approval nearly two years ago.<\/li>\n<li><strong>Shoukry, Arab ministers press for ceasefire in Beijing:<\/strong> China\u2019s top diplomat yesterday <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/11937c97-c0d4-46c8-9a9b-aca2a16167e5\" style=\"\" rel=\"noopener\">reiterated its call for an immediate ceasefire in Gaza<\/a> during talks with a delegation of Arab and Muslim officials in Beijing, calling it a \u201cmatter of life and death\u201d for the Palestinian people. China is \u201cfirmly on the side\u201d of Arab and Islamic countries in the conflict, Chinese Foreign Minister Wang Yi told the multi-country delegation.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n  <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u26c5 <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>The clouds will be re-emerging during the day as the mercury rises to 25\u00b0C at its peak and chills to 17\u00b0C in the evening, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon friends and Happy Hump day. The news cycle is picking up with some privatization proposals as we come closer to the end of the month. THE BIG STORY TODAY Gov\u2019t showcased more than 150 investment opportunities to Saudi investors during the Egypt-Saudi business forum that wrapped up yesterday, head of the Trade Ministry\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":610478,"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":[7213],"tags":[633,587,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-state-privatization-program","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"8160bb1d-7bf2-46b0-8c91-4630b743c826","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2021\/10\/228.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[610475],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.7ba173ee-ac86-48ec-a7aa-531e731b70cc.mp3"},"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>THIS EVENING: Egypt proposes 150 investment opportunities to KSA investors - 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\/2023\/11\/21\/this-evening-egypt-proposes-150-investment-opportunities-to-ksa-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Egypt proposes 150 investment opportunities to KSA investors\" \/>\n<meta property=\"og:description\" content=\"Good afternoon friends and Happy Hump day. The news cycle is picking up with some privatization proposals as we come closer to the end of the month. THE BIG STORY TODAY Gov\u2019t showcased more than 150 investment opportunities to Saudi investors during the Egypt-Saudi business forum that wrapped up yesterday, head of the Trade Ministry\u2019s [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/21\/this-evening-egypt-proposes-150-investment-opportunities-to-ksa-investors\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-21T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/228.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/21\/this-evening-egypt-proposes-150-investment-opportunities-to-ksa-investors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/21\/this-evening-egypt-proposes-150-investment-opportunities-to-ksa-investors\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: Egypt proposes 150 investment opportunities to KSA investors\",\"datePublished\":\"2023-11-21T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/21\/this-evening-egypt-proposes-150-investment-opportunities-to-ksa-investors\/\"},\"wordCount\":549,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/21\/this-evening-egypt-proposes-150-investment-opportunities-to-ksa-investors\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/228.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"state privatization program\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/21\/this-evening-egypt-proposes-150-investment-opportunities-to-ksa-investors\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/21\/this-evening-egypt-proposes-150-investment-opportunities-to-ksa-investors\/\",\"name\":\"THIS EVENING: Egypt proposes 150 investment opportunities to KSA investors - 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The Saudi retail giant is planning to sell about 65 mn existing shares and 30 mn new shares on the\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":610448,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/this-evening-egypt-ksa-could-partially-trade-in-local-currencies-by-2024\/","url_meta":{"origin":610477,"position":2},"title":"THIS EVENING: Egypt + KSA could partially trade in local currencies by 2024","author":"enterpriseam admin","date":"20 November 2023","format":false,"excerpt":"Good afternoon, friends and welcome to this busy Monday as fresh stories are hitting our news cycle while the international news is still grounded on the latest from Sam Altman\u2019s ouster. 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