CAIRO – 14 April 2025: CEO of Egypt’s General Authority for Investment and Free Zones (GAFI), Hossam Heiba, administered the signing of four major investment deals between Egyptian and Saudi companies during the Egypt-Saudi Investment Forum.
The deals span key sectors such as investment promotion, food processing, solar energy, metal industries, and real estate development.
The first Memorandum of Understanding (MoU) was signed between Ahmed Samida, CEO of Business City Group (Egypt), and Hend Al-Ouni, CEO of GCC Capital Partners (Saudi Arabia).
This partnership aims to offer innovative investment solutions and attract foreign capital into Egypt. Target sectors include poultry and agri-food production, agriculture, international and private education, integrated residential real estate, and the global export of Egyptian goods.
A second MoU was concluded between Fayad Al-Anazi, Director at Saudi-based Asascom Holding Group, and Osama Hanafy, Chairman of Egypt’s AlcoTech for Engineering Industries. The agreement outlines plans to establish a manufacturing facility for aluminum cladding panels on a 10,000 square meter site, with an annual output capacity of 3.6 million square meters.
The forum also featured business-to-business (B2B) meetings between Egyptian and Saudi entrepreneurs, laying the groundwork for additional future partnerships.
On the sidelines of the event, Yasser Abbas, GAFI’s Deputy CEO, guided Saudi delegates through the Investors Service Center, where they were introduced to recent initiatives aimed at enhancing the investment environment and advancing digital services.
Mon, Apr. 14, 2025
