RIYADH: Saudi investments in Egypt have risen to $25.74 billion, distributed across 8,895 Saudi-owned companies operating in sectors such as industry, construction, tourism, services, finance, agriculture, and telecommunications, according to Amr Hazzaa, minister plenipotentiary for commercial affairs and head of the Egyptian Commercial Representation Office in Saudi Arabia.
In an interview with Al-Eqtisadiah, Hazzaa stated that the industrial sector led Saudi investments in Egypt in 2024, accounting for 34.14 percent of total contributions, with issued capital of $7.77 billion across 1,404 companies. The construction sector followed with 22.17 percent and capital of $4.92 billion.
He noted that tourism ranked third, representing 14.08 percent of total Saudi contributions, followed by services at 9.73 percent, finance at 9.04 percent, and agriculture at 9.02 percent.
Telecommunications and information technology accounted for 1.82 percent of total investments.
Hazzaa reported that the total value of Saudi contributions across these sectors stood at $6.81 billion, reflecting the strong interest of Saudi investors in expanding within the Egyptian market, particularly in the areas of industry, urban development, and healthcare services.
