The Clap
The Saudi PIF has announced the establishment of “Saudi Egyptian Investment Company”, which will seek to invest in several sectors in Egypt.
The Deets
A few of the important sectors that the investments will be directed to are financial services, infrastructure, food, agriculture, and industrials.
The company will support the partnerships between the PIF and the companies in Egypt that they invest in, as well as the private sector in KSA.
Why this Matters?
The PIF has become more active in investing in more sectors and companies.
PIF to establish a company in Egypt 🤝
