SPA – The PIF (Public Investment Fund) announced today the launch of the Saudi Egyptian Investment Company, which aims to invest in a number of promising sectors in the Arab Republic of Egypt, as one of the most important strategic economic markets in Africa.
The company will focus on investing in several key sectors, including – but not limited to – infrastructure, real estate development, health care and financial services, in addition to investing in food, agricultural and industrial projects such as pharmaceutical industries and other attractive investment opportunities, and the company will contribute to the development and strengthening of the partnership. The investment opportunities for the Public Investment Fund and its portfolio companies, and the Saudi private sector for many investment opportunities in the Arab Republic of Egypt, which will contribute to achieving attractive returns in the long term and developing aspects of cooperation in many strategic sectors.
On this occasion, the Deputy Governor of the Fund and Head of the General Administration for Investments in the Middle East and North Africa, Yazid bin Abdul Rahman Al Humaid, expressed his happiness at the announcement of the Saudi Egyptian Investment Company, at a time when the Fund continues to expand regionally and globally within the framework of its strategy “2021-2025”.
He stressed that in light of the economic growth in the region, the company will work to take advantage of investment opportunities in the Egyptian market, in a number of key and promising sectors, which will contribute to strengthening the support of the Saudi sector companies and fund portfolio companies and enabling them to expand, as the strategic economic partnerships that he developed are considered The fund with many investors and leading companies among the most important.
The launch of the Saudi Egyptian Investment Company comes in line with the strategy of the Public Investment Fund to search for new investment opportunities in the Middle East and North Africa, which support building long-term strategic economic partnerships to achieve sustainable returns, which contributes to maximizing the Fund’s assets and diversifying the sources of income of the Kingdom of Saudi Arabia. In line with Vision 2030
