articles | 23 June 2014

Saudi Sheikh expresses interest in Cyprus investment

A Sheikh from Saudi Arabia has arrived in Cyprus looking to make investments on the island, on behalf of the Al Murjan group of companies, concerning large development projects worth millions of euros.

The Saudi Arabian Sheikh and his 12-member team, comprised of advisors and managers, arrived at the old Larnaca Airport with a private jet, one of the largest in the world. 


The Saudi Sheikh has arrived on behalf of the Al Murjan group of companies, one of the leading family businesses in the Kingdom of Saudi Arabia, active in the areas of economy, investment, industry and development. 


Owned by the members of the Bin Mahfouz family, by the Sheikh and his brother it was founded in 1994 by their father, the late His Highness Sheikh Khalid bin Salim bin Mahfouz. 


The company was founded on the basis of participation in the appropriate investment and commercial environments, and to take advantage of business opportunities around the world that contribute towards economic development.


Al Murjan has expanded rapidly to become one of the largest business groups in Saudi Arabia. It operates huge investments in the areas of economy, industry, real estate, health care, operation, maintenance services and air transportation.


The Sheikh is expected to stay in Cyprus for one week, at a Limassol luxury mansion.

Source: InCyprus

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