New Saudi Egyptian Investment Company to Attract $10 Billion Investments ...Egypt

Saudi Crown Prince Mohammed bin Salman visits Cairo, Egypt, June 20, 2022. Saudi Press Agency/Handout via REUTERS. The Sovereign Fund of Egypt signed a draft agreement with Saudi Arabia’s Public Investment Fund to launch a new company – the Saudi Egyptian Investment Company – in Egypt to attract investments worth USD 10 billion (EGP 194 billion), the Egyptian cabinet said in a statement. Saudi private companies will have better access to Egyptian markets and a variety of investment opportunities through the Saudi Egyptian Investment Company, targeting several sectors such as financial services, agriculture, health, manufacturing, and pharmaceuticals. The news comes after Saudi Arabia’s Crown

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