{"id":642998,"date":"2017-08-28T03:59:17","date_gmt":"2017-08-28T03:59:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/saudis-sharbatly-el-shobokshi-to-invest-usd-2-15-bn-in-egypt\/"},"modified":"2017-08-28T03:59:17","modified_gmt":"2017-08-28T03:59:17","slug":"saudis-sharbatly-el-shobokshi-to-invest-usd-2-15-bn-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/saudis-sharbatly-el-shobokshi-to-invest-usd-2-15-bn-in-egypt\/","title":{"rendered":"Saudi\u2019s Sharbatly, El Shobokshi to invest USD 2.15 bn in Egypt"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Saudi\u2019s Sharbatly, El Shobokshy to invest USD 2.15 bn in Egypt:<\/strong> Abdulrahman Sharbatly\u2019s Al Nahla Group and Fahd El Shobokshy\u2019s Al Ahli Investment and Development will jointly invest USD 2.15 bn in Egyptian projects, according to an Investment Ministry statement<\/a>. The pair, whose investments in Egypt together are presently worth a combined USD 3 bn, plan to allocate USD 1 bn to expanding their Golden Coast Company projects in Sharm El Sheikh and Hurghada\u2019s Soma Bay. Another USD 1 bn will fund new projects in cooperation with real estate development firm ARCO<\/a>. The remaining USD 150 mn will go into a second production line at South Valley Cement Company. The announcement follows a meeting with Investment Minister Sahar Nasr yesterday, at which the two businessmen outlined their investment strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Saudi\u2019s Sharbatly, El Shobokshy to invest USD 2.15 bn in Egypt: Abdulrahman Sharbatly\u2019s Al Nahla Group and Fahd El Shobokshy\u2019s Al Ahli Investment and Development will jointly invest USD 2.15 bn in Egyptian projects, according to an Investment Ministry statement. The pair, whose investments in Egypt together are presently worth a combined USD […]<\/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-642998","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f6362f37-1307-4d4e-bfca-80b5938a696a","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642988],"teaser":"","voice_url":""},"yoast_head":"\nSaudi\u2019s Sharbatly, El Shobokshi to invest USD 2.15 bn in Egypt - 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\/2017\/08\/28\/saudis-sharbatly-el-shobokshi-to-invest-usd-2-15-bn-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi\u2019s Sharbatly, El Shobokshi to invest USD 2.15 bn in Egypt\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Saudi\u2019s Sharbatly, El Shobokshy to invest USD 2.15 bn in Egypt: Abdulrahman Sharbatly\u2019s Al Nahla Group and Fahd El Shobokshy\u2019s Al Ahli Investment and Development will jointly invest USD 2.15 bn in Egyptian projects, according to an Investment Ministry statement. 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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\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"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":642998,"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. 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