RIYADH: Saudi Arabia’s Public Investment Fund has launched a new company in Egypt to drive investment in a range of sectors in the country, including infrastructure, real estate development, and health care.
The Saudi Egyptian Investment Company will improve access for the PIF and its portfolio companies, along with the Saudi private sector, to a variety of investment opportunities in Egypt.
Other sectors identified by the PIF include financial services, food and agriculture, manufacturing, and pharmaceutical.
Yazeed Alhumied, deputy Governor and head of MENA Investments at PIF, said: “In light of the economic growth in the region, SEIC will capitalize on lucrative investment opportunities within a number of promising Egyptian economic sectors, which will also support the expansion efforts of Saudi businesses and other PIF portfolio companies.
“The strategic economic partnerships that PIF has established with many investors and leading companies are among the most fundamental elements of its success.”