Monday, 25 May 2026
Source: Egypt’s Cabinet
Egypt, Saudi Sumou Holding Group explore new investment opportunities
Alamein City – Egyptian Prime Minister Dr. Mostafa Madbouly convened with Ayedh bin Farhan Al-Qahtani, Chairman of Saudi Arabia’s Sumou Holding Group, for high-level discussions on the group's prospective investments in Egypt, with a strong focus on the real estate and infrastructure sectors.
The talks, held at the government’s headquarters in New Alamein City, were attended by senior officials from both sides, including key executives from Sumou Holding, Sumou for International Investment, and Adeer Real Estate.
Prime Minister Madbouly offered a warm welcome to the Saudi delegation, reiterating Egypt’s ongoing commitment to creating a favorable climate for foreign investment. He emphasized that Egypt is providing a wide range of incentives for investors, particularly for those from Saudi Arabia, and continuing to implement regulatory reforms to encourage cross-border economic partnerships. Dr. Madbouly also highlighted recent measures undertaken to resolve longstanding issues for Saudi investors and the importance of bilateral agreements between the two nations to protect and promote investment.
Al-Qahtani affirmed Sumou Holding Group’s keen interest in the Egyptian market. He praised recent advancements in Egypt’s infrastructure and the government’s efforts in developing new urban centers, such as the New Administrative Capital and New Alamein City. Al-Qahtani announced the group's intention to launch its first real estate investment fund in Egypt, which he expects to greatly enhance the foreign investment landscape in the real estate sector.
"Egypt is a promising and reassuring market for us," Al-Qahtani stated, adding that the group is committed to establishing a significant business presence in the country. He also noted Sumou’s interest in contributing to the ongoing redevelopment of Cairo’s historic Downtown district.
Executives from both parties underscored the importance of deepening economic cooperation between Egypt and Saudi Arabia, and expressed optimism about the positive impact that increased Saudi investment could have on Egypt’s development objectives.
Sumou Holding Group, one of the largest real estate developers in the Kingdom of Saudi Arabia with an expanding international portfolio, operates in eight countries and is actively seeking to broaden its investment footprint in Egypt and across the region.