Egypt’s Lozan Urban Development Group, the mother company which embraces several Egyptian and Emirati companies, has launched a new entity in an Egyptian-Saudi partnership under the name of “Methaq Development” to develop several distinctive urban projects in Egypt during the coming period with investments of up to EGP 5bn. Abdullah Al-Amoudi, Regional President of Methaq Development, expressed his happiness at his presence in his second homeland Egypt, and his new partnership with the Lozan Development Group, stressing that as Saudi businessmen they are happy to be present as investors in the land of Mahrousa, especially since Egypt is one of the most important countries that have strong economic relations with the Kingdom of Saudi Arabia. Besides, working to encourage and attract more foreign investments in line with the vision of the state in achieving a strong and sustainable economy.” Mahmoud Zayed, Head of Marketing Sector of Lozan Group said. © 2022 Daily News Egypt. Provided by SyndiGate Media Inc. ( Syndigate.info ).Daily News Egypt

Source: Daily News Egypt November 25, 2022 18:05 UTC