Sunday 22 Dec
The Saudi Public Investment Fund (PIF) is exploring partnerships with multiple Egyptian companies in the real estate development and construction sectors. These collaborations aim to undertake projects in various regions of Saudi Arabia. Three potential models for these ventures are currently under consideration.
This step comes as Egyptian companies have recently prioritized international expansion plans, with Saudi Arabia emerging as a prime target. Notable examples include Talaat Moustafa Group, Ahly Sabbour, Tatweer Misr, Mountain View, Redcon, Hassan Allam, and others.
The discussions have explored
three potential models for Egyptian companies to participate in Saudi real
estate and construction projects: direct investment through establishing
subsidiaries of Egyptian companies in the Kingdom, partnerships with entities
to be determined in coordination with the fund, and the third option is subcontracting.
The projects proposed by the Saudi PIF are distributed across partnerships with NEOM, the Red Sea Development Company, and Roshn. A visit to Saudi Arabia will be organized recently for companies intending to compete for those projects.
