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FinancialNews


  • 29-12-18

    Saudi mogul to invest in Egyptian recreational sector

    (MENAFN) Saudi mogul Turki Al-Sheikh decided to invest in Egypt's recreational sector following snatching the title of General Entertainment Authority (GEA) chairman.

    Saudi Arabia's giant investor will be paying trips to Egypt mid-2019, aiming to secure several deals with entertainment events among them.

    Al-Sheikh is also planning to visit Portugal, the United States and the UK in order to sign agreements related to recreational sector.

    It comes after Saudi King Salman bin Abdulaziz Al Saud chose Al-Sheikh as the new GEA chairman amid a cabinet shake-up.

    MENAFN2912201800450000ID1097897423

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