Wider Targets EGP 750 Million Investments in Egypt and Saudi Arabia to Empower Entrepreneurship

Wider Consulting is setting its sights high. The Egyptian-Saudi firm plans to channel EGP 750 million into investments across Egypt and Saudi Arabia over the next four years, focusing on healthcare, software, education, entrepreneurship support, as well as proptech and construction technology. It’s an ambitious roadmap, and in a region where capital can sometimes be a bit of a faff to secure, that kind of commitment tends to turn heads.

Founded in mid-2025 as a joint Egyptian-Saudi initiative, Wider positions itself as a consulting house offering governance frameworks and institutional advisory services. According to its Founder and CEO, Omar Hamdy, the company already operates in six markets: Egypt, Saudi Arabia, the UAE, Jordan, Germany and Australia. That footprint, he explained, gives Wider access not only to large economic centres but also to established academic ecosystems, with a particular eye on opportunities within the Arab world.

And that’s not all. Wider is also preparing to roll out a business accelerator with the goal of launching 50 startups in Egypt and Saudi Arabia before the end of this year. The plan is to connect promising founders with investors interested in backing innovative ideas from different countries, while taking advantage of the investment incentives available in both markets. I’ve seen how access to the right networks can make or break an early-stage venture, and initiatives like this can be spot on when executed properly.

Hamdy noted that the company maintains strategic relationships with legal entities managing venture capital funds in Saudi Arabia. It has also built partnerships with universities, including the University of Jordan and the University of Sydney. The idea, it seems, is to bridge academia and industry in a way that is practical, not just theoretical. Well… I mean, we’ve heard this promise before across the region, but when governance frameworks are done right, they can definately unlock serious value.

Currently, Wider is incubating three startups from Egypt, Jordan and Saudi Arabia. Egypt, in particular, is seen as a strategic market. Hamdy pointed to the country’s strong academic base, arguing that what’s missing is a structured path to turn research into economic outcomes. That resonates. At Arageek, we often speak with founders who sit on clever ideas born in labs and lecture halls, yet struggle to translate them into scalable businesses.

There is also growing demand for specialised technology solutions in Arabic, alongside a noticeable government push towards digital transformation and institutional reform. On the flip side, building a governance model that can be replicated across borders is no small task. Still, if Wider manages to create a framework that travels well from Cairo to Riyadh—and perhaps beyond—it could give the regional startup scene a much-needed boost.

I reckon the next year will be telling. Investment commitments are one thing; deploying capital wisely is another story altogether. But for founders watching the ecosystem closely, especially in Egypt and Saudi Arabia, this is one development worth keeping on the radar, you know?

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