Egypt and Saudi Arabia Deepen Economic Ties with Four New Deals

KSA, 16 April, 2025 : Egypt and Saudi Arabia signed four major investment agreements spanning food, energy, real estate, and industry during the Egyptian-Saudi Investment Forum, the General Authority for Investment and Free Zones (GAFI) announced.

The first agreement, between Egypt’s Business City Group and Saudi Arabia’s GCC Capital Partners, aims to attract foreign capital into sectors such as poultry farming, food processing, agriculture, education, and real estate.

The second deal, between Saudi Asascom Holding Group and Egypt’s Alkotec Engineering Industries, outlines plans to build a 10,000-square-meter factory producing aluminum cladding panels with an annual capacity of 3.6 million meters.

In energy, Nanovolt and Saudi Arabia’s Al-Yusr Leasing and Finance Company signed a deal to jointly market, sell, and install solar panels in both countries.

The fourth agreement, between Yafel Development and Horizon Capital, focuses on expanding Yafel’s real estate development operations.

The forum also included B2B meetings between Egyptian and Saudi business leaders to explore further investment opportunities.