The newly-launched Saudi Egyptian Investment Company (SEIC) has acquired minority stakes in 4 Egyptian companies worth around $1.3 billion
The company is looking to invest various Egyptian sectors, including infrastructure, real estate, healthcare, financial services, food and agriculture, manufacturing, and pharmaceutical
The IDSC’s infographic was based on the Arab Investment and Export Credit Guarantee Corporation’s data released in July
Egypt’s net FDI inflows surged by 183.4% during Q1 of 2022 (aka. Q3 of FY 2021/2022), hitting $4.05 billion compared to $1.43 billion in Q1 of 2021
The minister told Hapi Journal that talks with the PIF and the Sovereign Fund of Egypt (SFE) are still in the initial stage
