Sumou Holding to Establish Real Estate Investment Fund in Egypt

Saudi Arabia’s Sumou Holding Group has announced plans to establish its first real estate investment fund in Egypt, marking a significant milestone in the group’s broader expansion strategy.

The announcement was made by Chairman Dr. Ayed Al-Qahtani during a high-level meeting with Egyptian Prime Minister Dr. Mostafa Madbouly, attended by top executives from the group.

Prime Minister Madbouly welcomed the initiative, reaffirming Egypt’s commitment to supporting Gulf investments and providing a business-friendly environment. He pointed to bilateral agreements—particularly the Investment Protection and Promotion Agreement—as key frameworks that continue to strengthen cross-border economic collaboration.

Dr. Al-Qahtani praised Egypt’s investment landscape, describing it as both promising and strategically important. He noted that Sumou Holding is especially focused on high-impact projects in prime areas such as Downtown Cairo, which is currently undergoing major redevelopment.

He also outlined the group’s goal to expand from eight countries to thirty, positioning Egypt as a central hub in this ambitious growth plan.

The meeting also featured Eng. Ayman El-Qoussy, CEO of Medar, who explored opportunities for collaboration with Sumou, particularly in investment attraction and the development of future real estate ventures.