Al Hokair Group, a Saudi entertainment company that operates more than 70 amusement parks in the kingdom, is seeking funds to expand into Egypt, it was reported.
The Riyadh-based firm, which also operates over 30 restaurants and hotels, is looking for investment to develop commercial projects in Cairo and Alexandria, the al-Madina newspaper reported.
The report said Al Hokair was looking to raise a total investment of around US$570m to fund the projects.
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Al Hokair Group employs more than 6,000 employees across the kingdom and operates 680 rides, over 2,370 video games and around 700 bumper cars within its 70 parks.
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