English 
العربية 
Prime Minister Dr. Mostafa Madbouly held an important meeting this evening in New Alamein City with Dr. Ayed Al-Qahtani, Chairman of the Board of Directors of Saudi Arabia’s “Sumou Holding” Group, to review the group’s plans to inject new investments in the Egyptian market, especially in the real estate development sector. The meeting was attended by a number of leaders of the group, including: Saeed Salem Al Nahdi, Group Chief Executive Officer Abdulrahman Al Qahtani, Chief Executive Officer, Sumou International Investment Company Miteb Al Saad Al Qahtani, Chief Executive Officer, Adeer Properties Bassel Al- Serafi, CEO of Adeer International Ayman Al-Kousi, CEO, Midar Investment and Urban Development Company Ahmed Helmy, Chief Operating Officer, Adeer International Egyptian government welcomes Saudi investments The Prime Minister began the meeting by welcoming the Saudi delegation, stressing that the Egyptian government attaches top priority to attracting investments, especially from the Arab brothers, especially the Kingdom of Saudi Arabia, pointing to the facilitations and support provided by the government to investors in various sectors. Madbouly stressed that Egypt welcomes the establishment of Saudi real estate funds in the local market, due to its great role in stimulating the real estate sector and revitalizing the markets, pointing out that most of the problems faced by some Saudi investors in previous periods have been solved, which has been praised by businessmen in the Kingdom. “HH Holding”: We plan to inject large investments in Egypt For his part, Dr. Ayed Al-Qahtani expressed his appreciation for the efforts made by the Egyptian government to improve the investment climate, stressing that “Sumou Holding” plans to launch its first real estate fund in Egypt, as part of a strategic direction for regional expansion. Al-Qahtani pointed out that the group is one of the largest real estate developers in Saudi Arabia, through the companies “Sumou Properties” and “Adeer Properties”, which are listed on the capital market, pointing out that the group currently operates in 8 countries, and aims to expand to 30 countries in the coming period, including Egypt as a main destination. He added: “We have a successful experience in partnering with Egyptian companies in Saudi Arabia, and the Egyptian market is very reassuring for us, and we see in it a real opportunity to launch a major investment,” praising the development of infrastructure and the establishment of new cities such as the Administrative Capital and New Alamein. Special interest in investing in downtown The Chairman of HH Holding revealed the Group’s interest in investing in the Downtown Cairo area, due to its attractive elements and strategic location, in addition to the continuous development that restores the region to its position as a global tourist and investment destination. “Midar”: Attracting major developers and planning to expand in East Cairo For his part, Eng. Ayman Al-Qusi, CEO of Midar, reviewed the company’s efforts in attracting investors, pointing out that it was recently honored by the Ministry of Finance. Al-Koussi confirmed that the company has succeeded in attracting a number of major real estate developers, and is currently seeking to start new projects in East Cairo as a master developer.