If both your friend X and his friend (that cheated him) live in Holland, then a Dutch lawyer could probably help him if he wants to sue that friend.
If your friend X wants to sue the Egyptian company, he should probably do that in Egypt with an Egyptian lawyer.
The "verjaringstermijn" should be at least 5 years, so has not expired yet.
I don't know if the Dutch embassy in Egypt could be of help in getting a lawyer, but why not try.
The amount to ask depends on the damage and/or how much people earned on it. It also depends on the law that applies (I have no clue about Egyptian law).
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