Saudi investors said they are worried about their investments in Egypt amid the current state of unrest. They urged Egyptian authorities to protect those investments, estimated to be worth LE30 billion.
In a statement to the press in Riyad, the head of the Saudi-Egyptian Business Council Abdallah Dahlan said the situation in Egypt is worrying for all Saudi and Arab businessmen, adding that Saudi businessmen have been investing in Egypt for more than 25 years.
He denied that Saudi businessmen have withdrawn from the Egyptian market, adding that investors are only monitoring the situation.
He also said that Saudi Arabia is the biggest investor in Egypt, with Saudi investments providing work for more than 100,000 Egyptian workers in different fields.
Dahlan called on the Egyptian people and the government to protect Saudi and foreign investments and asked the government for guarantees in this regard.
Egypt has a large Saudi community that exceeds 600,000 people who own real estate in Egypt. There are also more than one million Egyptians in Saudi Arabia, Dahlan said.
