Elsewedy Electric intends to establish new factories in Saudi Arabia across the energy and infrastructure sectors, with investments exceeding SAR 1.5 billion.

TBK International, Tabarak Holding’s development arm in the Gulf, and Minor Hotels, a global leader in the hospitality industry, signed a strategic cooperation agreement to launch the Oaks Riyadh project in Saudi Arabia.

Egypt is examining broader opportunities for its petroleum and engineering companies to participate in Saudi Arabia’s NEOM project, following an official visit by Minister of Petroleum and Mineral Resources Karim Badawi to the Kingdom.

Around 90% of Egyptian businesses are expected to increase their trade with Saudi Arabia over the next five years, according to an emailed HSBC report.

Saudi Egyptian Investment Company (SEIC) has completed the sale of its entire stake in Alexandria Container and Cargo Handling Company (ACCH) to Black Caspian Logistics Holding Limited, as per a disclosure.

Madinet Masr and Waheej Real Estate announced the launch of Citydom, a jointly owned real estate entity established between the two companies.

Egypt and Saudi Arabia penned a memorandum of understanding (MoU) to foster transport cooperation and exchange expertise in the road field.

Minister of Investment and Foreign Trade Hassan El-Khatib discussed doubling the volume of trade between Egypt and Saudi Arabia through mechanisms that would meet the aspirations of both nations

Mena for Touristic and Real Estate Investment received a letter of intent (LoI) from Saudi Arabia-based IRC Company to manage, develop, and expand the current operations of the Mena Garden City Club

Saudi real estate investor Sumou Holding is in preliminary talks to acquire Egyptian developer Midar Investment and Urban Development, Al Arabiya Business reported, citing unnamed sources familiar with the matter.

The Egyptian-Saudi Supreme Coordination Council’s Economic Committee held its first meeting in Cairo on October 6th, chaired by Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib, to discuss ways to enhance trade and investment cooperation between Egypt and Saudi Arabia.

Egypt and the Saudi-based Kennan Holding are mulling over plans to establish an industrial complex with investments totaling EGP 2 billion in Egypt.

Egyptian edtech startup Farid has established a central operations office in Riyadh, scaling its business into Saudi Arabia, according to a press release.

Egyptian President Abdel Fattah El-Sisi met with the Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud in Neom to mull ways of enhancing relations between both countries.

Orange Egypt has signed an exclusive partnership with Riyadh-headquartered financial solutions provider Enjaz, to facilitate money transfers from Saudi Arabia to Egypt via the Orange Cash wallet.

The Port of NEOM conducted a successful pilot trial of a new strategic intra-regional corridor linking key trading hubs in Saudi Arabia, Egypt, and Iraq

Saudi Arabia's premier real estate enabler and investor Sumou Holding is planning to establish the first real estate fund in Egypt

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi and Saudi Vice Minister of Mining Affairs Khalid Saleh Al-Mudaifer discussed ways to enhance cooperation in the mining sector

EFG Hermes, an EFG Holding Company, has concluded its advisory role to Nesma & Partners on the acquisition of Al Yusr Industrial Contracting Company (AYTB)

PARAGON Developments has opened its first regional office in Riyadh, Saudi Arabia.