Riyadh – Sharikat Mubasher: Wider Consulting plans to invest EGP 750 million (around $15 million) in Egypt and Saudi Arabia over the next four years, focusing on sectors including healthcare, software, education, entrepreneurship enablement, and PropTech and construction technology solutions.
According to Al Mal Newspaper, the company also intends to launch a startup accelerator aimed at establishing 50 startups in both markets by the end of this year. The initiative will focus on identifying innovative ideas and connecting them with potential investors from different countries to benefit from the investment incentives and facilities available in the two countries.
Omar Hamdy, founder and CEO of Wider Consulting, said the company was established in mid-2025 as a joint Egyptian-Saudi initiative providing consulting services and governance frameworks for institutions. He noted that Wider currently operates in six markets: Egypt, Saudi Arabia, the UAE, Jordan, Germany, and Australia.
Hamdy added that the company maintains strategic relationships with legal entities managing venture capital funds in Saudi Arabia, alongside partnerships with several universities, including Al-Hussein Technical University in Jordan and the University of Sydney.
The firm currently incubates three startups from Egypt, Jordan, and Saudi Arabia. Hamdy said Egypt represents a strategic opportunity for Wider due to its strong academic ecosystem, which he believes could generate greater economic value if supported by stronger institutional frameworks, as well as growing demand for specialized Arabic-language technology solutions.
He added that the company plans to list between 15% and 40% of the share capital of some portfolio companies on the stock market, depending on their maturity stage and market conditions, while maintaining controlling stakes in selected ventures to ensure long-term strategic alignment.
