Wider Consulting Commits USD 14.3M to Empower Startups and Drive Entrepreneurship in Egypt and Saudi Arabia
An Egyptian-Saudi advisory firm, Wider Consulting has officially disclosed the plan to invest USD 14.3 million in Egypt and Saudi Arabia in order to build and enhance entrepreneurship and innovation ecosystems.
This innovation is set to focus on building startups, supporting SMEs, and enabling cross-border collaboration between the two markets according to the founder, Omar Hamdy. Wider Consulting aims to bridge gaps between traditional advisory services and modern entrepreneurial needs.
By introducing a startup accelerator program, the platform has different goals which include developing and helping up to 50 firms by the end of 2026. Also finding creative company ideas and putting founders in touch with local and foreign investors. Through collaborations and investment incentives in Saudi Arabia and Egypt, the program seeks to develop improved pathways for early-stage businesses to obtain funding and expand.
The company also aims at partnering with academic institutions and venture capital partners. Al-Hussein Technical University in Jordan and the University of Sydney are only two of the academic institutions with which Wider Consulting now maintains partnerships, facilitating the transformation of academic research and innovation into enterprises that are profitable.
As part of its first regional startup development plan, Wider Consulting is currently supporting three startups from Saudi Arabia, Egypt, and Jordan. In the future, the company intends to play a more active role in scaling promising projects. Depending on their growth and market readiness, 15% to 40% of the chosen portfolio firms may be listed on the public market.
About Wider Consulting
Omar Hamdy created Wider Consulting, a combined Egyptian-Saudi advising firm, in the middle of 2025. With a focus on technology, healthcare, education, and PropTech, it invests in businesses throughout Egypt and Saudi Arabia to foster entrepreneurship and innovation. A USD 14.3 million (EGP 750 million) investment plan to launch 50 businesses by 2026 has been disclosed by the company.