2024/05/13

High-Level Saudi business delegation visits New Administrative Capital

Eighty leading Saudi businessmen and investors, on a high-level visit to the new administrative capital, met with Engineer Khaled Abbas, Chairman of the Administrative Capital for Urban Development Company (ACUD).

The visit underscores the Administrative Capital Company's focus on attracting Arab investors and dignitaries. It aims to showcase the capital's ongoing development and promote investment opportunities.

During the visit, the Saudi delegation discussed the investment opportunities and project development with company officials. This reflects the commitment to international cooperation and economic expansion.

Abbas presented the delegation with the capital's key completed projects and ongoing developments. He expressed pride in hosting the delegation, highlighting the strong economic ties between Egypt and Saudi Arabia. He reaffirmed the Administrative Capital Company’s commitment to fostering these ties and providing a flourishing investment environment for Saudi and Arab businesses. "We look forward to deeper cooperation and future joint successes," he concluded.

Among the most prominent landmarks visited by the Saudi delegation were:

The Financial and Business District, home to the Central Bank, Mint, and a banking area.

The Egyptian Flagpole, the tallest in the world.

The Global Islamic Cultural Center