The announcement came during his meeting with Prime Minister, Mostafa Madbouly, and alongside senior executives from the group.
Saudi Arabia’s Sumou Holding Group is set to launch its first real estate investment fund in Egypt, according to a statement by. Ayed Al-Qahtani, Chairman of Sumou Holding.
The announcement came during his meeting with Prime Minister, Mostafa Madbouly, and alongside senior executives from the group.
Prime Minister Madbouly welcomed the move, emphasizing the government’s support for Gulf investments and its commitment to creating a favorable climate for their growth—especially within the framework of bilateral agreements such as the Investment Protection and Promotion Agreement.
Al-Qahtani described Egypt as a promising and attractive market, noting the group’s focus on high-impact projects in strategic locations like Downtown Cairo.
He also highlighted Sumou’s broader vision to expand its operations from eight to thirty countries, with Egypt playing a central role.
Ayman El-Qoussy, CEO of Medar, also discussed potential areas of collaboration with Sumou, particularly in attracting investment and developing new real estate projects.
