Wider Consulting, a joint Egyptian-Saudi advisory firm, has announced a significant investment plan of USD 14.3 million (EGP 750 million) to bolster the entrepreneurial ecosystems in Egypt and Saudi Arabia. The investment, set to be deployed over the next four years, targets the establishment of 50 new startups by the end of 2026.
A Cross-Border Accelerator Model
At the core of this initiative is the launch of a new startup accelerator designed to identify and nurture innovative ideas across both nations. The program will focus on connecting promising founders with a network of international investors, aiming to capitalize on the attractive investment incentives currently available in Egypt and Saudi Arabia.
Wider Consulting will concentrate its investments in several high-growth technology and education sectors, including healthcare, software, PropTech, construction technology, and entrepreneurship enablement. The firm already incubates three startups from Egypt, Jordan, and Saudi Arabia, signaling its hands-on approach to company building.
Bridging Academia and Venture Capital
With a strategic presence in six markets—including Egypt, Saudi Arabia, the UAE, Jordan, Germany, and Australia—Wider Consulting is uniquely positioned to leverage established academic and economic hubs. The firm has cultivated key partnerships with institutions like Al-Hussein Technical University in Jordan and the University of Sydney.
This focus on academia is central to its strategy of transforming promising research and academic concepts into commercially viable ventures. The firm also plans to forge partnerships with venture capital legal entities in Saudi Arabia to further strengthen the support infrastructure for its portfolio companies. Egypt is viewed as a key market due to its robust academic ecosystem and the growing regional demand for Arabic-language technology solutions.
From Incubation to Public Markets
Looking toward long-term growth, Wider Consulting has outlined a clear vision for its portfolio companies that includes potential public listings. The firm plans to list between 15% and 40% of select startups on the stock market, contingent on their maturity and prevailing market conditions.
Wider Consulting will retain controlling stakes in certain ventures to ensure continued strategic alignment and sustainable growth, demonstrating a commitment to its portfolio’s long-term success.
About Wider Consulting
Founded by Omar Hamdy, Wider Consulting is an Egyptian-Saudi advisory firm that provides consulting services and governance frameworks for institutions. Operating across MENA, Europe, and Australia, the firm focuses on connecting startups with investors and transforming innovative ideas into tangible economic outcomes.
Source: Waya
