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FinancialNews
07-08-22
Saudi PIF launch new firm in Egypt to boost investment in range of sectors
(MENAFN) Saudi Arabia’s Public Investment Fund has begun a new firm in Egypt to motivate financing in a range of industries in the nation, such as infrastructure, real estate development, as well as health care.
The Saudi Egyptian Investment firm is going to boost admission for the PIF and its portfolio firms, alongside with the Saudi private area, to a diversity of investment chances in Egypt.
Other areas recognized by the PIF contain economic services, food and agriculture, pharmaceutical, in addition to manufacturing.
Yazeed Alhumied, deputy Governor and chief of MENA Investments at PIF, stated that “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.”
The chief also stated that “The strategic economic partnerships that PIF has established with many investors and leading companies are among the most fundamental elements of its success.”
MENAFN07082022000045014228ID1104657685
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