Al Hokair Group to Raise Egypt Investments, al-Madina Reports

Al Hokair Group, a Saudi entertainment and leisure company, plans to raise its investments in Egypt as the political situation stabilizes, al- Madina said, citing General Manager Ziad Maghrebiyeh.

The investments will include five commercial centers around the cities of Cairo and Alexandria, the newspaper said.

Al Hokair will have a total of 3.5 billion Egyptian pounds ($570 million) invested in Egypt, newspaper said.

To contact the reporter on this story: Glen Carey in Riyadh at gcarey8@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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