#private investment
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.…
