Saudi Arabian firm to invest in Egypt’s commercial sector

roadsaudi-ShashiBellamkonda-flickrAl-Khodari Sons and Company primarily engages in civil engineering projects and develops roads. (Image source: ShashiBellamkonda/Flickr) Saudi Arabian company Al-Khodari Sons Company is set to make a foray into the Egyptian market and eventually double its US$453mn-strong investment with infrastructure projects 

Al-Khodari Sons primarily works in civil engineering projects; develops roads, bridges, railways, buildings and infrastructure, oil and gas pipelines; engages in water and wastewater management and assists in cleaning up cities.

Al-Khodari Sons Company has set sights on Egypt’s commercial sector and will execute a series of new projects, in accordance to the existing regulations in the North African nation, said the company CEO Fawwaz AlKhodari. The company is pursuing government authorities in Egypt, who could aid in a number of projects in the country’s commercial sector.

In addition, the Saudi Arabian firm is also negotiating with authorities on drilling water wells in Egypt.

The market in Egypt is currently witnessing important developments as the government is welcoming Gulf companies to work in local market and participate in executing large national projects, said AlKhodari. So far, Al-Khodari Sons Company has participated in a number of large projects in several African countries, in cooperation with the Saudi Fund for Development (SFD), and hopes to make a significant contribution in the North African nation in the years to come.

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