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A Saudi delegation of businessmen visits the projects of Galala city

A Saudi delegation of businessmen visits the projects of Galala city

A Saudi business team met with representatives of the Egyptian General Authority for Investment and Free Zones and visited many projects in the new administrative capital during the week.

During the events of the second Egyptian-Saudi real estate conference, the team looked at investment potential and cooperative economic cooperation between the two countries private sectors.

The tour featured the Monte Galala Sokhna project for Tatweer Misr, where the project plan, vision, and experience of the company in developing smart cities and enhancing the quality of life were reviewed.

Muhammad Abdullah Al-Murshed, the chairman of the National Real Estate Committee ( REDC) of the Federation of Saudi Chambers, praised the Saudi initiatives in the field of urban development as well as the Egyptian experience in establishing fourth-generation smart cities.

The Egyptian REDC
will discuss hosting virtual meetings shortly with members of the Saudi REDC and professionals in the Egyptian banking industry, according to Dr. Mohamed Youssef, Executive Director of the Egyptian Businessmen Association.

These meetings aim to dialogue on encouraging the attraction of Saudi investment funds and to introduce the experiences of Egyptian and Saudi companies in the areas of urban development

The meeting will also provide job opportunities in the NEOM city project and other various national projects within the framework of the Kingdom and Egypt’s vision for urban development 2030.

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