{"id":632180,"date":"2018-02-05T04:21:36","date_gmt":"2018-02-05T04:21:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/sar-60-bn-investment-fund-is-still-on\/"},"modified":"2018-02-05T04:21:36","modified_gmt":"2018-02-05T04:21:36","slug":"sar-60-bn-investment-fund-is-still-on","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/sar-60-bn-investment-fund-is-still-on\/","title":{"rendered":"SAR 60 bn investment fund is still on"},"content":{"rendered":"<p><strong>Remember that SAR 60 bn investment fund announced during King Salman\u2019s visit in 2016?<\/strong> It\u2019s apparently still in the works and came up during the Egyptian-Saudi Business Council talks last week. Both sides of the council agreed that investments under the fund will primarily come from the Saudi government, deputy council head Abdullah Bin Mahfouz said, <a href=\"http:\/\/www.almalnews.com\/Story\/363521\/15\/%D8%B1%D9%83%D9%88%D8%AF-%D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC-%D9%8A%D8%A4%D8%AC%D9%84-%D8%AE%D8%B7%D8%B7-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%89-%D9%81%D9%89-%D9%85%D8%B5%D8%B1\">according to Al Mal<\/a>. Mahfouz blamed the general malaise in the GCC economy resulting from weak oil prices for the delay in executing investment pledges made during King Salman\u2019s visit.<\/p>\n<p><strong>As for what Saudi investors are looking for in Egypt<\/strong>, Mahfouz said that most investors are eyeing projects in neighborhood of EGP 50-100 mn, with the pharma, healthcare and education sector being particularly attractive.<\/p>\n<p>Also coming from the Egyptian-Saudi Business Council talks: <strong>Saudi is apparently trying to piggyback off of Egypt\u2019s plans to help with the reconstruction of Libya and Iraq. <\/strong>The council is looking to form partnerships between Egyptian and Saudi investors to take part in reconstruction projects in Libya and Iraq, Mahfouz <a href=\"https:\/\/alborsanews.com\/2018\/02\/04\/1082384\">tells Al Borsa<\/a>. Saudi companies are looking to get their toes wet in Libya through such partnerships, he said, adding that they will participate in an international investment conference for projects in Benghazi in March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Remember that SAR 60 bn investment fund announced during King Salman\u2019s visit in 2016? It\u2019s apparently still in the works and came up during the Egyptian-Saudi Business Council talks last week. Both sides of the council agreed that investments under the fund will primarily come from the Saudi government, deputy council head Abdullah Bin Mahfouz [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632180","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cf5ee55c-0cf0-49b4-b013-53c20116429b","order":"0","is_powered_by":true,"section_story_id":"a028a9af-44a0-4f69-8040-c8a50fb8dc8c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632163],"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>SAR 60 bn investment fund is still on - 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\/2018\/02\/05\/sar-60-bn-investment-fund-is-still-on\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SAR 60 bn investment fund is still on\" \/>\n<meta property=\"og:description\" content=\"Remember that SAR 60 bn investment fund announced during King Salman\u2019s visit in 2016? It\u2019s apparently still in the works and came up during the Egyptian-Saudi Business Council talks last week. Both sides of the council agreed that investments under the fund will primarily come from the Saudi government, deputy council head Abdullah Bin Mahfouz [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/sar-60-bn-investment-fund-is-still-on\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-05T04:21:36+00:00\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/sar-60-bn-investment-fund-is-still-on\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/sar-60-bn-investment-fund-is-still-on\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SAR 60 bn investment fund is still on\",\"datePublished\":\"2018-02-05T04:21:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/sar-60-bn-investment-fund-is-still-on\/\"},\"wordCount\":214,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/sar-60-bn-investment-fund-is-still-on\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/sar-60-bn-investment-fund-is-still-on\/\",\"name\":\"SAR 60 bn investment fund is still on - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-02-05T04:21:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/sar-60-bn-investment-fund-is-still-on\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/sar-60-bn-investment-fund-is-still-on\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/sar-60-bn-investment-fund-is-still-on\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SAR 60 bn investment fund is still on\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SAR 60 bn investment fund is still on - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/sar-60-bn-investment-fund-is-still-on\/","og_locale":"en_US","og_type":"article","og_title":"SAR 60 bn investment fund is still on","og_description":"Remember that SAR 60 bn investment fund announced during King Salman\u2019s visit in 2016? 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The next two shipments are scheduled to arrive on 25 and 26 March and will then return\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":601299,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/australias-atoun-looking-to-invest-egp-15-bn-in-solar-power-projects-in-egypt\/","url_meta":{"origin":632180,"position":2},"title":"Australia\u2019s Atoun looking to invest EGP 15 bn in solar power projects in Egypt","author":"enterpriseam admin","date":"25 February 2019","format":false,"excerpt":"INVESTMENT WATCH- Australia\u2019s Atoun looking to invest EGP 15 bn in solar power projects in Egypt: Atoun Energy Australia is looking to build solar power stations worth as much as EGP 15 bn in Wadi El Gedeid governorate, Governor Mohamed El Zamalot told the domestic press. The company has reportedly\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\/2019\/2\/1909.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":635039,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/saudi-reaches-settlement-agreements-worth-a-collective-sar-400-bn-in-corruption-crackdown\/","url_meta":{"origin":632180,"position":3},"title":"Saudi reaches settlement agreements worth a collective SAR 400 bn in corruption crackdown","author":"enterpriseam admin","date":"31 January 2018","format":false,"excerpt":"Saudi reaches settlement agreements worth a collective SAR 400 bn in \u2018corruption crackdown\u2019: Saudi Arabia will be collecting SAR 400 bn (c. USD 107 bn) from settlement agreements it has reached so far with businessmen who were detained on corruption charges, a statement from the country\u2019s Center for International Communication\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":622172,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/el-sisi-holds-talks-with-mbs-on-egypt-saudi-investment-and-joint-projects\/","url_meta":{"origin":632180,"position":4},"title":"El Sisi holds talks with MbS on Egypt-Saudi investment and joint projects","author":"enterpriseam admin","date":"28 November 2018","format":false,"excerpt":"President Abdel Fattah El Sisi held talks yesterday with Saudi Crown Prince Mohammed bin Salman, who landed in Cairo on Monday, according a statement from Ittihadiya. The two discussed collaboration on investment, economic, and national security issues as well as regional diplomacy. Reports of the USD 5 bn King Salman\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\/2018\/11\/328.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":633151,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/saudis-marei-bin-mahfouz-group-acquires-25-in-dbk-pharma\/","url_meta":{"origin":632180,"position":5},"title":"Saudi\u2019s Marei bin Mahfouz Group acquires 25% in DBK Pharma","author":"enterpriseam admin","date":"28 February 2018","format":false,"excerpt":"M&A WATCH- Saudi Arabia\u2019s Marei bin Mahfouz Group has reportedly bought a 25% stake in DBK Pharma, signaling that the firm might have once and for all abandoned plans to relist on the EGX, according to Al Mal. 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