The Saudi Public Investment Fund announced the launch of the "Saudi Egyptian Investment Company", which aims to invest in a number of sectors in Egypt, according to a statement. The company will focus on investing in several key sectors, including, but not limited to, infrastructure, real estate development, health care and financial services, in addition to investing in food, agricultural and industrial projects such as pharmaceutical industries and other attractive investment opportunities. The company will contribute to the development and strengthening of the investment partnership of the Public Investment Fund and its portfolio companies, and the Saudi private sector for many investment opportunities in the Arab Republic of Egypt, which will contribute to achieving attractive returns in the long term and developing aspects of cooperation in many strategic sectors. The company will contribute to the development and strengthening of the investment partnership of the Public Investment Fund and its portfolio companies, and provide the Saudi private sector with many investment opportunities in Egypt, which will contribute to achieving attractive returns in the long term and developing aspects of cooperation in many strategic sectors. billions of investment At the end of last March, Egypt and Saudi Arabia signed an agreement in this regard, and the Egyptian Cabinet indicated at the time that it was targeting investments of $10 billion in cooperation between Egypt's Sovereign Fund and the Saudi Public Investment Fund. Misr Aluminum is one of the companies targeted by the fund, as the Egyptian Minister of Business Sector Hisham Tawfik told Al-Sharq that he hopes that the Saudi fund will finish studying the company's development file before the end of the year, to take a decision on investing in it. The net assets of the Public Investment Fund amount to $620 billion, according to the latest data of the Institute of Sovereign Funds and ranked sixth in the world, while the Kingdom aims to reach 10 trillion riyals ($2.7 trillion) by 2030.

Source: agencies