Pre-Trading Thoughts

Saudi players have been signaling interest in possibly expanding their investment footprint in Egypt. Saudi companies could raise their investments in Egypt by as much as USD15 billion over the next four years to USD50 billion. Batterjee Holding has earmarked USD200 million to invest in Egyptian real estate and industry. Batterjee mentioned the pharma, food, building materials, and plastics industries as target sectors. An Egyptian-Saudi real estate fund could be in the cards. The fund ...