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In Short : Saudi-based company alfanar plans to invest $1.5 billion in Egypt in 2024. This significant investment likely involves diverse sectors, contributing to economic growth and development in Egypt.
In Detail : Alfanar is specialized in manufacturing a wide range of low, medium and high-voltage electrical construction products
Saudi Arabian company alfanar will invest around $1.5 billion in renewable energy projects in the Egyptian market during 2024, Vice Chairman Sabah Muhammad Al-Mutlaq told Asharq Business.
On the sidelines of the World Economic Forum 2024 in Davos, Al-Mutlaq said that the company’s investments in sustainable energy exceeded $2 billion.
Alfanar is specialized in manufacturing a wide range of low, medium and high-voltage electrical construction products.
