Egyptian website: A Saudi holding group addresses the government to inquire about the details and vision of the Ras Jamila project

Egypt – “Cairo 24” website: The Ajlan & Brothers Holding Group in Saudi Arabia addressed the government in Egypt to inquire regarding the details and the state’s vision of the Ras Jamila project on the Red Sea coast.

The Egyptian website added that the Saudi Holding Group also inquired regarding the goals and resources that the state seeks to obtain from the deal.

He stated that Cairo is planning to establish an integrated tourism project in an area on the Red Sea coast located near the city of Sharm El-Sheikh, especially as it has a distinguished location and is qualified to become one of the most prominent tourist destinations in the region.

“Cairo 24” explained that the company submitted its letter to the Egyptian government to confirm its seriousness in investing in the Ras Gamila region during the coming period, especially since it found the region to be at the top of the investment opportunities that fit the company’s aspirations.

The Egyptian website revealed some details of the Saudi offer to invest in Ras Jamila, and among those details is that the company submitted its offer to the Egyptian government through a political figure who holds membership in the Senate for one of the large parties that owns a large number of seats in the House of Representatives and the Senate.

Private sources said that the company submitted its offer to the government through a senator along with one of the people cooperating with the company.

The sources indicated that the company confirmed in its letter to the government its desire to invest in the Egyptian market during the coming period.

She also confirmed that the Saudi company seeks to invest in the Ras Jamila region by establishing its tourism project there and building a series of international hotels with famous brands.

Ajlan & Brothers Group is one of the largest private sector groups in the Middle East, with more than 15,000 employees working in more than 25 countries and across 75 companies. It has existing investments in the Egyptian market estimated at regarding two billion dollars, and the group’s total investments currently amount to 15 billion dollars.

Source: “Cairo 24”