Secretary General of the Egyptian-Saudi Business Association Ahmed Darwish said a major industrial project of three factories will be established in one of the Suez Canal cities.
The projects will be signed during the annual ceremony of the society, slated for Saturday, Darwish said.
The project will cost 500 million pounds and will provide nearly 10,000 job opportunities, he added.
He noted that the ceremony will be attended by more than 800 investors along with a raft of ministers.