Saudi Egyptian Investment Company (SEIC) by PIF is to invest in promising sectors throughout Egypt.
SEIC will invest in priority sectors including: infrastructure, real estate development, health care, financial services, food and agriculture, manufacturing, pharmaceutical among other sectors.
The company will also contribute to enhancing access for PIF and its portfolio companies, along with the Saudi private sector, to variety of investment opportunities in Egypt.
“We are pleased to announce the launch of the Saudi Egyptian Investment Company, in line with PIF’s ongoing expansion domestically and globally, and in alignment with our 2021-2025 strategy. 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,” Yazeed Alhumied, Deputy Governor and Head of MENA Investments at PIF, said.
Also read: Saudi’s PIF invests $300m in Oman’s Infrastructure Investment Fund Rakiza
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