Riyadh – Sharikat Mubasher: Batterjee Holding, a prominent Saudi conglomerate, announced a $200 million investment plan for Egypt, targeting the real estate and industrial sectors.
The investment will cover a range of industries, including pharmaceuticals, food production, building materials, and plastics, as revealed by Mazen Batterjee, Chairman of Batterjee Holding, in an interview with Asharq Business.
Over 100 Saudi companies are exploring partnership and collaboration opportunities in Egypt across various sectors, primarily in manufacturing, healthcare, and ports. These companies are visiting Cairo from 12 to 14 April to hold discussions with Egyptian ministers and local businesses as part of the Saudi-Egyptian Business Forum.
In his comments during the visit, Batterjee noted that the stability of exchange rates is encouraging Saudi businesses to expand into Egypt, emphasizing that “the Egyptian market is full of golden investment opportunities.”
Batterjee also mentioned that Batterjee Holding is set to double its investments in Saudi Arabia this year, increasing the amount from $150 billion to $300 billion. He also revealed that the group is considering listing several of its subsidiaries on the Saudi Parallel Market (NOMU).
Founded in 1982, Batterjee Holding serves as the industrial arm of the Batterjee Group of Companies. The company produces a variety of products, including pharmaceuticals, baby care items, personal healthcare products, medical supplies and equipment, steel structures, building materials, household cleaners, food and beverages, clothing and footwear, and packaging materials.
