PIF Launches Saudi Egyptian Investment Company to Foster Investment in Egypt
Riyadh-- The Public Investment Fund (PIF) today launched the Saudi Egyptian Investment Company (SEIC) to invest in promising sectors throughout Egypt, one of the world’s emerging markets.SEIC will invest in priority sectors including but not limited to, infrastructure, real estate development, health care, financial services, food and agriculture, manufacturing, pharmaceutical and other opportunistic investments. The company will also contribute to enhancing access for PIF and its portfolio companies, along with the Saudi private sector, to a variety of investment opportunities in Egypt. This will help drive attractive long-term commercial returns and enhance cooperation across many strategic sectors.Yazeed Alhumied Deputy Governor and Head of MENA Investments at PIF, said, "We are pleased...