The Egyptian Giant Real Estate Developer, Arab Contractors Company, announced the opening of Saudi's ring road Phase 1 established in the central area around the Holy Mosque in Medina next year, with investments of SR 470 million while Phase 2 to be finalized by 2014. The announcement came during the visit of Egyptian businessmen delegation to Kingdom of Saudi Arabia. The delegation who met with Prince Abdulaziz bin Majed bin Abdulaziz, Governor of the Medina, was headed by Ibrahim Mahlab , Head of Saudi -Egyptian businessmen Association and Chairman of Arab contractors Company which met with the The meeting included increasing the investments of the Arab Contractors Company in Saudi Arabia and take advantage of their expertise in the areas of infrastructure such as roads, bridges, tunnels, electrical installation and factories. They also reviewed the efforts of the Saudi Society of Egyptian businessmen in support of Saudi businessmen and their Egyptian counterparts to promote opportunities for joint investment in both countries.
