Saudi Arabia’s PIF Plans New Investments in Egypt
Saudi Arabia’s Public Investment Fund (PIF) is preparing to launch new investments in Egypt, focusing on tourism, industry, and real estate. The announcement came after a meeting in Cairo between Egyptian Prime Minister Mostafa Madbouly and Saudi Minister of State and Cabinet member Essam bin Saad bin Saeed.
According to Egyptian Cabinet spokesman Mohamed El-Homsany, the talks stressed the importance of building partnerships for these projects. These partnerships could be between the two governments directly, or between private companies from both countries. The goal is to strengthen economic cooperation and open new opportunities for growth.
Strengthening Economic Ties
Saudi Arabia and Egypt have long shared strong political and economic relations. In recent years, both countries have been working to expand trade, investment, and joint development projects. With Egypt being a key market in North Africa and Saudi Arabia pushing forward its Vision 2030 plan, both governments see major benefits in closer economic cooperation.
PIF’s move to invest in Egypt highlights Saudi Arabia’s interest in supporting Egypt’s economy and exploring new business opportunities. These projects are expected to create jobs, bring in advanced expertise, and strengthen both countries’ private sectors.
Recent Investment Developments
This is not the first time the region has seen major investment news in recent months. Earlier this month, Emaar Misr for Development, a subsidiary of the UAE-based real estate giant Emaar, announced a major project along Egypt’s Red Sea coast.
The project, called Marassi Red Sea, is being developed in partnership with Saudi Arabia’s City Stars. It is valued at around $18.5 billion (EGP 900 billion) and covers a huge area of 10 million square meters. The location is just 30 minutes from Hurghada International Airport, making it attractive for both tourism and real estate development.
The Marassi Red Sea project shows the growing interest of Gulf investors in Egypt’s real estate and tourism sectors, areas that have strong potential due to Egypt’s rich natural resources, cultural heritage, and strategic location.
Growing Saudi Investments in Egypt
In addition to PIF’s plans, Saudi Arabia’s private sector has already been active in Egypt. In April, Bandar bin Mohammed Al-Ameri, Chairman of the Saudi-Egyptian Business Council, revealed that Saudi private sector investments in Egypt had reached $35 billion. He also announced plans to raise this figure to $50 billion within the next four years.
Currently, around 5,000 Egyptian companies are operating in Saudi Arabia, showing how economic ties run both ways. These companies work in different industries, including construction, trade, and services, and they help strengthen the partnership between the two countries.
Looking Ahead
The upcoming investments from PIF are expected to give a strong push to Egypt’s economy. By focusing on tourism, industry, and real estate, these projects could provide new jobs, improve infrastructure, and attract more global investors.
At the same time, Saudi Arabia benefits by diversifying its investment portfolio and gaining access to one of the largest markets in the Arab world. The growing cooperation between the two countries shows their shared vision for economic growth and development in the region.
Published: 19th September 2025
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