Saudi and Emirati investments to recycle agricultural waste in Egypt

Daily News Egypt
2 Min Read

The Arab Women Investors Union under President Hoda Yassa welcomed a delegation of Arab investors in Cairo to discuss investment opportunities in Egypt, especially in the environment and energy sectors.

Yassa said in a statement yesterday that the delegation’s visit, which includes Dr Osama Dendini, a member of the board of directors and general manager of programmes in the Saudi company Maadin, and Antonio Daniel, president of Emirati company Capital Gas, lasted five days and included several meetings with Egyptian officials. During these meetings, an agreement was reached to study the feasibility of a number of projects, including the recycling of agricultural waste, mining and energy. In addition, an agreement was reached to develop an alliance between Saudi investors, Queen Co., and the Arab Women Investors Union to invest in integrated service projects, specifically within hospitals.

Dr Osama Dendini added that his company is currently studying the possibility of undertaking a project to recycle agricultural waste in several stages. The investment costs for the first phase reach $600m of joint Saudi, Emrati and Egyptian investments. He clarified that the company’s decision to invest in Egypt reflects the interests of King Abdullah bin Abdulaziz Al Saud, the Custodian of the Two Holy Mosques, to support the Egyptian economy due to the belief of the Kingdom’s government and investors that Egypt tops the list of attractive countries for investment.

Translated from Al-Borsa newspaper

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